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Module 5 Self-Assessment

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Q Question 1 Differential analysis is a method of reviewing prospective business alternatives from the standpoint of what will be Question 2 Relevant costs are Question 3 Markup is the procedure of Question 4 Markup Question 5 When calculating unit-selling price using the product cost concept, only ____________________ are considered when adding the desired markup.

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1.the economic differences between each situation. 2.those costs expected to differ based on an alternate planned activity level. 3.adding to costs an amount to reach a desired profit level when arriving at a selling price. 4.may be presented either as a dollar value added or a percentage of costs. 5.manufacturing costs per unit