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

Author Question: Which of the following is a disadvantage of the weighted-average method compared to the FIFO ... (Read 62 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530
on: Mar 6, 2021

Question 1

Which of the following entries is correct to record depreciation expense of Assembly Department?
◦ Debit: Work in Process-Assembly
 Credit: Finished Goods
◦ Debit: Work in Process-Assembly
 Credit: Accumulated Depreciation
◦ Debit: Finished Goods
 Credit: Work in Process-Assembly
◦ Debit: Accumulated Depreciation
 Credit: Work in Process-Assembly

Question 2

Which of the following is a disadvantage of the weighted-average method compared to the FIFO process-costing method?
◦ FIFO is computationally simpler
◦ FIFO provides better management information for planning and control purposes
◦ when unit cost per input prices fluctuate markedly from month to month, its per unit cost is less representative than FIFO
◦ the information it provides about changes in unit prices from one period to the next is less useful than the information provided by FIFO
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 ereecah on Mar 6, 2021

dajones82

  • Sr. Member
  • ****
  • Posts: 359
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 39% of students answer this correctly


ereecah

  • Member
  • Posts: 530
Reply 2 on: Mar 6, 2021
Excellent

flexer1n1

  • Member
  • Posts: 373
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Scientific Method Scientific Method
Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
How to find the average atomic mass of an element How to find the average atomic mass of an element
How to evaluate third-order determinants by Minors Method (Question 2) How to evaluate third-order determinants by Minors Method (Question 2)
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ... In 2000, the average charge of tax preparation was 95 . Assuming a normal distribution and a ...
Video: Heart sounds

For a complete list of videos, visit our video library