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Engineering Economics

Engineering Economics
What is the change in cost per unit variable change called?

Variable cost
Fixed cost
Incremental cost
Supplemental cost

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Engineering Economics
Duopoly is a market situation where there is/are:

Few sellers and many buyers
Many sellers and few buyers
Few sellers and few buyers
One seller and few buyers

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Engineering Economics
An asset is purchased for P 9,000.00. Its estimated economic life is 10 years after which it will be sold for P 1,000.00. Find the depreciation in the first three years using sum-of-years digit method

P 3,729.27
P 3,927.27
P 3,792.72
P 3,279.27

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Engineering Economics
What is normally used to compare alternatives that accomplish the same purpose but have unequal lives?

MARR
Present worth method
Capitalized cost method
Annual cost method

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Engineering Economics
What is an accounting term that represents an inventory account adjustment?

Standard cost
Cost accounting
Overhead cost
Cost of goods sold

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Engineering Economics
The original record of a business transaction is recorded in this book.

Journal
Account book
Ledger
Work book

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