Why is capital budgeting important? What is the cash payback period? How is it calculated?
What are five different types of decisions that could use incremental analysis? What are the relevant costs in accepting an order at a special price?
How is a transfer price determined? Describe the market-based method. Do you think it is better than the cost-based method?
What is direct labor? Give an example of direct labor. How does direct labor differ from indirect labor? Give an example of an indirect labor.