Question 1 2 Points A company-owned restaurant in a fast-food chain is considered an investment center. A True B False Question 2 2 Points Which of the following would be the best measure on which to base a segment manager's performance evaluation for purposes of granting a bonus? A Segment net income. B Segment profit margin. C Segment sales revenue. D Segment contribution margin. E Profit margin controllable by the segment manager.Question 3 2 Points Thurmon Retail has three stores in West Virginia. Which of the following costs would likely be included when computing the profit margin controllable by store no. 3's manager? A Store no. 3's allocated portion of common fixed expenses. B Hourly labor costs incurred by personnel at store no. 3. The salary of Thurmon's president. D Property taxes attributable to store no. 3.Question4 i 2P0int5 i The following information was taken from the segmented income statement of Restin. Inc\" and the company's three divisions: Restin. Inc. Bay Area Division Central Valley Division Revenues ?20.000 315.000 405.000 Variable operating expenses 400.000 170.000 230.000 Controllable fixed expenses 165.000 85.000 80.000 Noncontrollable xed 65.000 30.000 35'000 EXDEHSES In addition. the company incurred common fixed costs of $21 .000. Assuming use of a responsibility accounting system, which of the following amounts should be used to evaluate the performance of the Bay Area division manager? mus Consider the following statements about pricing: I. Prices are often determined by the market, subject to the constraint that costs must be covered in the long run. ll. Prices are often based on costs, subject to the constraint that customers and competitors will exert an inuence. III. A balance of market forces and cost is important when making pricing decisions. which of the above statements is (are) true? Question 6 2 Points Which of the following represents the cost-plus pricing formula? A Price = cost + (markup percentage + cost). B Price = cost + markup percentage. Price = markup percentage * cost. D Price = cost + (markup percentage x cost).Que-sun:- The following data pertain to Laramie Enterprises: Variable manufacturing cost $60 Variable selling and administrative cost $10 Applied fixed manufacturing cost $30 Allocated fixed selling and administrative cost $5 What price will the company charge if the firm uses costplus pricing based on total cost and a markup percentage of 40%? Charlene Company, which desires to enter the market with a new product. will perform the following tasks: 1Design and engineer the product. 2Determine the product's cost. 3Determine the desired prot margin. ailDetermine the suggested selling price; If Charlene uses target costing. which task would the company.r perform rst? Question 9 3 Points Flagler Electronics currently sells a camera for $410. An aggressive competitor has announced plans for a similar product that will be sold for $290. Flagler's marketing department believes that if the price is dropped to meet competition, unit sales will increase by 10%. The current cost to manufacture and distribute the camera is $260, and Flagler has a profit goal of 35% of sales. If Flagler meets competitive selling prices, what is the company's target cost? A $266.50. B $188.50. $260.00. D $143.50. E $101.50