1-Which of these cost methods does the instructor suggest a pizza business might use, given the variability of the cost of cheese? Standard costing Job order costing Direct costing Unit costing
2-In this cost allocation method, the pizza business owner will include the cost of the ingredients of the pizza, but will not include things like rent and salaries.
Direct costing
Absorption costing
Full costing
Average costing
3-Todd owns a small factory that makes basketballs for professional teams. He likely uses what method for assigning costs?
Process costing, since his products are nearly identical
Standard costing, due to large variances in his production
Job order costing, since the number of basketballs produced varies from month to month
4-In calculating a break-even analysis, you must take into account what pieces of information? (Select all that apply)
Fixed costs
Variable costs
Discounted costs
Marginal costs
Opportunity costs