Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIPS Exam L4M5 Topic 13 Question 45 Discussion

Actual exam question for CIPS's L4M5 exam
Question #: 45
Topic #: 13
[All L4M5 Questions]

Absorption costing is when the total cost per each unit of output:

Show Suggested Answer Hide Answer
Suggested Answer: C, E

There are many macro economic factors that could influence procurement in general and commercial negotiation in particular. Below are six factors that are agreed to be fairly significant:

* Economy growth rate

* Inflation rates

* Interest rates

* Currency exchange rate

* Unemployment rate

* Protectionism

LO 2, AC 2.2


by Arminda at Aug 08, 2023, 01:01 AM

Limited Time Offer

25%

Off

Get Premium L4M5 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Alonso
4 days ago
I agree with Georgene. Absorption costing is about including all costs associated with production, not just the direct costs.
upvoted 0 times
...
Azalee
5 days ago
I'm not sure, but I think it might be B, as indirect costs are also included in absorption costing.
upvoted 0 times
...
Hollis
6 days ago
I agree with Clare, because absorption costing includes a proportion of total production costs.
upvoted 0 times
...
Georgene
10 days ago
Option C seems to be the correct answer. Absorption costing includes an allocation of all production costs, both direct and indirect, to each unit of output.
upvoted 0 times
...
Clare
10 days ago
I think the answer is C.
upvoted 0 times
...

Save Cancel