Exam 8: Measuring and Managing Life-Cycle Costs

Place the following steps for the implementation of target costing for a product in order: A = Derive a target cost B = Develop a target selling price C = Perform value engineering D = Determine target profit margin

Emerging customer needs are assessed and ideas generated for new products during the ________ stage of research,development,and engineering.

What are some nonfinancial measures that a company might use in order to motivate achieving the objective of anticipating future customer needs?

Total-life-cycle costing is the name given to:

The objective to discover and develop new,more effective,or safer products/services can be measured by the time spent with key customers at targeted accounts learning about their future opportunities and needs.

After conducting a market research study, Stewart Manufacturing decided to produce a new interior door to complement its exterior door line. It is estimated that the new interior door can be sold at a target price of $120. The annual target sales volume for interior doors is 20,000. Stewart has a 20% expected return on sales target. -What is the target profit margin?

The objective to reduce product development cycle time can be measured by the number of products delivered on time.

The relevance of information in a MACS includes providing all of the following EXCEPT:

The post-sale service and disposal cycle of total-life-cycle costing consists of the following stages:

Target costing is:

Breakeven time measures the length of time from the project's beginning until the product has been introduced and generated enough profit to pay back the investment originally made in its development

Which of the following is an implicit environmental cost?