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4 years ago

The inventory costing method that assigns the most recent costs to cost of goods sold is

1 answer:

5 0

An inventory costing method that assigns the most recent cost to cost of goods sold is the LIFO Method.
LIFO Method or the Last In, First Out Method use to place an accounting value on inventory. It operates under the presumption that the last item of the purchased inventory is the first one sold.

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A student wanted 20.000g of a salt. which balance should the student use in order to obtain the most accurate quantity: a platfo

Trava [24]

I think the best balance to be used would be a top-loading balance. Although, a platform triple beam balance and a single pan triple beam balance are accurate balances however they could not read up to the third decimal place which can be done in some of the top-loading balances.

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4 years ago

Read 2 more answers

Fuzzy Feet is a monopolistically competitive firm that faces the following demand schedule for its socks. The firm has a fixed c

Minchanka [31]

Answer:

The correct answer to the following question will be Option D (The firm should expect the demand curve to shift to the left).

Explanation:

In a competitive market only at the long-run rate are going down for the company as new competitors come in the market others for the company seeking to that the profit.
Then if business reduces its cost certain company in the industry reduce too as they make limited benefits in that industry as well as for the effect of which quantity of going down and supply, therefore, reduce so companies production curve moves to the left.

The other choice is not per the specified scenario. And the response to the above seems to be the right one.

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4 years ago

After much consideration, you have chosen Cancun over Ft. Lauderdale as your Spring Break destination this year. However, Spring

denis-greek [22]

Answer:

B. The marginal cost of going to Ft. Lauderdale decreases.

Explanation:

Consider marginal cost and benefit before making a purchase.

Marginal cost is the increase or decrease of the cost of a particular actions.

Marginal benefit is the increase or decrease of the benefit of the action.

For example, if two items are identical and priced differently, the marginal benefit increases when the lower price is selected.

If two items are similar but not identical you would have to assess the cost and benefits of each more.

If marginal cost exceeds the marginal benefit you shuold not purchase the item or consider another option.

In this case, the only option that may reverse this desition is that the marginal cost of going to Ft. Lauderdale decreases.

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4 years ago

Chaz loves to play a Disney online pirate game in which he gets to create a pirate by choosing hair color, skin color, clothing,

Lera25 [3.4K]

A) Co-creation
Hope this helps

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3 years ago

Model, Inc., produces model automobiles made from metal. It operates two production departments, Molding and Painting, and has t

m_a_m_a [10]

Answer:

a) Molding Painting Total

Product costs:

Direct materials $242,500 $211,000 $453,500

Direct labor $327,500 $219,000 $546,500

<u>Overhead $105,000 $82,500 $187,500</u>

Subtotal $675,000 $512,500 $1,187,500

Period costs (service departments):

Maintenance $191,376 $24,624 $216,000

Accounting $171,171 $227,829 $399,000

<u>Administration $153,410 $76,590 $230,000</u>

Subtotal $515,957 $329,043 $845,000

Total costs $1,190,957 $841,543 $2,032,500

2) product costs per unit:

molding = $675,000 / 100,000 units = $6.75 per unit

painting = $512,500 / 100,000 units = $5.125 per unit

total product cost per unit = $11.875 per unit

3) period costs per unit:

molding = $515,957 / 100,000 units = $5.16 per unit

painting = $329,043 / 100,000 units = $3.29 per unit

total product cost per unit = $8.45 per unit

Explanation:

Molding Painting

Building area 441,000/497,700 = 88.6% 56,700 /497,700 = 11.4%

Employees 66/154 = 42.9% 88/154 = 57.1%

Equipment value $118/$177 = 66.7% $59/$177 = 33.3%

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3 years ago