need all the answers

17. Which of the following is not a drawback to cost-based pricing? A) Cost-based pricing requires accurate cost assignments. B) The greater the portion of unassigned costs, the greater the likelihood of overpricing and underpricing individual products. C) Cost-based pricing assumes goods or services are relatively scarce, and customers are, generally, willing to pay the price. D) In a competitive environment, cost-based approaches increase the time and cost of bringing new products to market. E) Cost-based pricing rewards inefficiency. 18. Blue Mountain Company has the following budgeted costs for 10,000 units: What is the markup on variable costs needed to obtain a target profit of $100,000 ? A) 100.0 percent 125.0 percent 25.0 percent 62.5 percent 37.5 percent 19. Skinny Co. is considering the production of a new line of jeans. Based on preliminary market research, management has decided that each pair of jeans should be priced at $200. Furthermore, management believes that the profit margin should be 40 percent of sales revenue. The company has $100 million in assets and $60 million in current liabilities. What is the target cost? A) 540 B) 580 C) $120 D) $160 E) $40 million 20. Which budgeting approach seeks to reduce costs periodically? a. The continuous improvement approach b. The input/output approach c. The activity based approach d. Participative budgeting approach e. Bombastic budgeting approach 21. Which of the following is a disadvantage of ROI as a performance measure? A) It encourages managers to increase the size of their operations. B) It discourages managers of departments with high ROIs from investing in average ROI projects. C) It encourages managers to pay careful attention to the relationships among sales, expenses, and investment. D) It encourages cost efficiency. E) It discourages excessive investment in operating assets. 22. Generally, the budgeting process concludes with the preparation of which of the following that is (are) acceptable to senior management: A) Cash budget B) Production budget C) Coffee break D) Selling expense budget