Study guide , answer all please !!

2. Analyze the relevant costs in accepting an order at a special price. Use the Summary Table for Common Business Decisions to help you understand what is important to this type of decision. 3. Analyze the relevant costs in a make-or-buy decision. Use the Summary Table for Common Business Decisions to help you understand what is important to this type of decision. 4. Analyze the relevant revenues and costs in determining whether to sell or process materials further. Use the Summary Table for Common Business Decisions to help you understand what is important to this type of decision. 5. Analyze the relevant costs to be considered in repairing, retaining, or replacing equipment. Use the Summary Table for Common Business Decisions to help you understand what is important to this type of decision. 6. Analyze the relevant costs in deciding whether to eliminate an unprofitable segment or product. Use the Summary Table for Common Business Decisions to help you understand what is important to this type of decision. Chapter 21 - Pricing 7. Compute a target cost when the market determines a product price (target costing). Market Price - Desired Profit (aka, "Markup \$") = Target Cost 8. Compute a target selling price using cost-plus pricing. (Cost + Markup = Target Selling Price) 9. Use time-and-material pricing to determine the cost of services provided. Remember that this pricing methodology sets two prices (i.e., one for labor used on a job and the other for the materials used on a job) where each contains a profit margin added onto the cost. 10. Determine a transfer price using the negotiated, cost-based, and market-based approaches. Be able to apply the minimum transfer price formula appropriately when the seller has excess capacity and when the seller has no excess capacity. - Remember, "opportunity cost" (not a cost that is recorded for financial accounting purposes, but a cost that should be considered in making managerial decisions where there are competing alternatives) must be considered if there is an opportunity to improve profit by choosing one alternative over the next best alternative