This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A major advantage of using the FIFO process-costing method is that: (Read 56 times)

ghost!

  • Hero Member
  • *****
  • Posts: 560
on: Mar 6, 2021
A major advantage of using the FIFO process-costing method is that:
◦ FIFO makes the unit cost calculations simpler
◦ in contrast with the weighted-average method, FIFO is considered GAAP
◦ FIFO provides managers with information about changes in the costs per unit from one period to the next
◦ in the period of rising prices, it leads to lower operating income and lower tax payments, saving the company cash and increasing the company's value
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by ghost! on Mar 6, 2021

manuelcastillo

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


ghost!

  • Member
  • Posts: 560
Reply 2 on: Mar 6, 2021
Gracias!

Perkypinki

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Elderly adults are at greatest risk of stroke and myocardial infarction and have the most to gain from prophylaxis. Patients ages 60 to 80 years with blood pressures above 160/90 mm Hg should benefit from antihypertensive treatment.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

The process of mitosis in an animal cell. The process of mitosis in an animal cell.
scientific method scientific method
Comparison of Steps of the Nursing Process with the Research Process Comparison of Steps of the Nursing Process with the Research Process
Major Causes of Death in U.S by Age Group Major Causes of Death in U.S by Age Group
Major Food Sources of Saturated and Trans Fats for Americans Major Food Sources of Saturated and Trans Fats for Americans
Major Somatic Sensory Tracts and Pathways Major Somatic Sensory Tracts and Pathways
Video: Gas exchange - driving force

For a complete list of videos, visit our video library