11) Companies operating in less competitive markets offer products or services that differ from each other. 12) The Nutcracker Company manufactures two types of bolts: Top Point, the premium bolt, and...

11) Companies operating in less competitive markets offer products or services that differ from each other.

12) The Nutcracker Company manufactures two types of bolts: Top Point, the premium bolt, and a
less
competitive bolt, Bottom Point. The managerial accountant uses activity-based costing system (ABC) to calculate the manufacturing cost of Top Point. The product is very similar to other products produced in the marketplace. Does the company operate in a competitive market or a noncompetitive market? How does the manager determine prices? Why?

13) The Ivy Company manufactures two types of artificial ivy vines: Long Ivy, the long vine, and Thin Ivy, a smaller vine. The managerial accountant said that the company operates in a less competitive market. How does the managerial accountant decide on the margin that is added to costs?