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Author Question: Which of the following is a disadvantage of the weighted-average method compared to the FIFO ... (Read 58 times)

ereecah

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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
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Marked as best answer by ereecah on Mar 6, 2021

dajones82

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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.
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ereecah

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

strudel15

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Reply 3 on: Yesterday
:D TYSM

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