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 26 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
Thanks for the timely response, appreciate it

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Alzheimer's disease affects only about 10% of people older than 65 years of age. Most forms of decreased mental function and dementia are caused by disuse (letting the mind get lazy).

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater Average winter rainfall and variation in rainfall among sites inhabited by Suromalus ater
Retrograde Tracing Method Retrograde Tracing Method
Performing a Urine Pregnancy Test Using the Enzyme Immunoassay Method Performing a Urine Pregnancy Test Using the Enzyme Immunoassay Method
Performing Venipuncture Using the Vacutainer Method Performing Venipuncture Using the Vacutainer Method
Scientific process and the scientific method Scientific process and the scientific method
Dosage Calculations: A Multi-Method Approach, 2nd Edition Dosage Calculations: A Multi-Method Approach, 2nd Edition
Video: Interspecific Competition Relationship - Competitive & Niche Differentiation

For a complete list of videos, visit our video library