Question 31 Not yet Alex business has following results answered 2014 2015 Marked out of 1.00 Current ratio 2.0 1.6 Flag question Acid test ratio 0.8 0.6 Based on the above information, which of following is false? Business had less liquid assets compared to it liquid liabilities in 2014 Business had less liquid assets compared to it liquid liabilities in 2015 Decline in liquidity from 2014 to 2015. Improvement in liquidity from 2014 to 2015 Question 32 Question 32 Not yet Cost driver is a factor that: answered Marked out of 1.00 Requires allocation and apportionment. Leads to absorption of overheads causes a change in the cost of an activity Requires cost measurement. Flag question Question 33 Not yet answered A system that tracts and accumulates the actual costs and revenues attributable to cost object (le: product) from its inception to its abandonment is 11 Marked out of 1.00 F Flag question Target Costing Activity Based Costing Life Cycle Costing Standard Costing Question 34 Not yet answered A company is planning a new product. Market research information suggests that the product should sell 10,000 units at $25.00/unit. The company seeks to make a mark-up of 25% product cost. It is estimated that the lifetime costs of the product will be as follows: Marked out of 2.00 Flag question a. b. Research and development costs $50,000 Manufacturing costs $15/unit Retirement Costs $20,000 i. What is the Target Cost per unit? $20 $18.75 55 525 Question 34 Not yet answered A company is planning a new product. Market research information suggests that the product should tell 10,000 units at $25.00/unit. The company seeks to make a mark-up of 25% product cost. It is estimated that the lifetime costs of the product will be as follows: Marked out of 2.00 Flag question a. Research and development costs $50,000 b Manufacturing costs $15/unit c. Retirement Costs $20,000 1. What is the Target Cost per unit? II. What is the original lifecycle cost per unit? $22 $15 $25 $20