Answer: The correct answer is "B. current costs plus cost of beginning Work-in-Process Inventory".
Explanation: The weighted average method of process costing takes into account the costs of the initial inventory since this method calculates the unit cost of the units by means of the number of units and the total cost of them. Therefore the weighted average will drag the costs of the initial inventory.
GDP or gross domestic product is the total market value of the finished product and services produced in a country in a specific time period.
Answer: The best way to ensure that your company has read and understand the code of ethics is to establish a policy for employees to read it every year and that at the end of the reading, take a knowledge test with a minimum of 90% to pass.
Explanation: The code of ethics establishes parameters that standardize the behavior of people linked to a company. By conducting the assessment every year you ensure that people refresh the code of ethics. You can also offer tutorials that serve to get the message better before the evaluation and if someone fails the evaluation, that person must repeat it until they qualify at this 90%.
Answer:
a. Non-compatible materials must be segregated in storage - <u>Special type material storage</u>
Non-compatible materials means that materials are of a special type and not of the normal ones used and so this regulation relates to Special type material storage
b. It must be stacked on level and solidly supported sills -<u> Lumber material storage</u>
For lumber not to get damaged it needs to be stored in a certain way being that it should be stacked on level and solidly supported sills so this relates to Lumber storage.
c. All materials stored in tiers must be stacked, racked, blocked, interlocked or otherwise secured to prevent sliding, falling or collapse. - <u>General material storage</u>
This relates to general material storage as it is a standard method of storage aimed at preventing potential dangers.
d. Keep storage areas free from accumulated materials that cause tripping, fires or explosions, or that may contribute to harboring rats and pests. - <u>Housekeeping</u>
Housekeeping is done to keep the storage as free from calamity as possible so this regulation falls here.
