a costplus appr 0311 to ' ' ' 't uses 6. To what amount does a company set a price equal If I pricing? _ A) Variable product costs plus a markup for prot ts B) Total variable costs plus a share of the xed cos C) Total costs incurred D) Estimated total costs plus a markup for prot 7. The master budget incorporates individual budgets including those for A) past and future accounting periods. 1 B) direct materials, direct labor, and selling and administrative expenses- C) each employee in the company. D) multiple levels of sales volume. 8. The target costing process for a new product A) focuses on creating products that include all possible product features to broaden the Company's market share. B) adds a markup percentage for prot once the price of the product has been determined. C) is applied after the product has been designed. D) starts with the features that customers want and the price customers are Willing to ' WY- 9. Alpha Caps Company has budgeted production of 14,000 units and sales of 16,500 units in January. Each unit requires 12 minutes of labor. The standard labor rate is $13.00 per hour. How much are total budgeted direct labor costs for January? A) $21,840 B) $2,1 84,000 C) $36,400 D) $42,900