Quizzes- CENG-3136-01F-Cons Cost Control& Finence Ce NG-3135 01F-Con... content
ID: 2780385 • Letter: Q
Question
Quizzes- CENG-3136-01F-Cons Cost Control& Finence Ce NG-3135 01F-Con... content Grades Assessments Communication Resources e Folio Help Online Ro Exam #2-Quiz Time Left: 2:41:39 Grant Pagan: Attempt 1 Note: It is recommended that you save your response as you complete each question. Question 13 (3.33 points) Which of the following techniques use(s) two rates - one to markup for overhead and one for profit? O A) Direct Labor Cost technique B) Total Direct Cost technique O C) Direct material cost method D) Subcontract Cost Technique E) All of the Above Save Page 13 of 30 Previous Page Next Page Save All Responses Go to Submit Quiz 3Explanation / Answer
The Total Direct cost technique will be used to find the markup for overhead and one for profit.
Both the costs of fixed and variable will determine both the marke up and selling price of the firm. The variable costs which are involved like labor and materials.
The markup is the some amount you have added to the cost of the product. By additing this we can detertime the selling price of that particular product. The markeup percentage can be determined by dividing the profit with the product’s selling price.
Therefore, according to the above explanation the markup for overhead and profit will directly connect with the total direct cost technique. Hence, The toal direct cost technique will be uses to calculate the two rates of markup and profit.
Hence, the correct answer is Option (B) Total Direct Cost Technique
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