P2 Exam Dumps : Advanced Management Accounting

Functional analysis is carried out only on existing products and is concerned only with minimizing the cost of the originally defined functions of a product.

Value engineering is a fundamental rethinking and radical redesign of an organization's existing processes.

Target costing is continuously setting new stretch targets while the product is in production.

Value analysis is examining a product's costs in order to achieve its purpose at a reduced cost while maintaining its reliability and quality.

Kaizen costing is seeking to make cost savings by continuously making small incremental cost reductions while the product is in production.

Launching a marketing campaign designed to build the company's brand.

Installing a touch screen to improve the computer's functionality.

Changing the color of the computer's case.

Adopting a premium pricing strategy for the computer.

Fitting advanced components to improve the computer's performance.

Actual variable cost

Market price

Standard variable cost

Full cost plus