This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is a disadvantage of the weighted-average method compared to the FIFO ... (Read 33 times)

ereecah

  • Hero Member
  • *****
  • Posts: 530

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


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
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
Wow, this really help


sarah_brady415

  • Member
  • Posts: 328
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

For a complete list of videos, visit our video library