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Darya [45]
3 years ago
13

Which of the following statements regarding first-in, first-out (FIFO) process costing is/are true?(A) First-in, first-out (FIFO

) process costing transfers out the costs in beginning inventory before transferring out the costs associated with units started and completed.(B) First-in, first-out process costing requires one additional step in assigning costs to the units transferred out and the ending Work-in-Process Inventory. A. A only.B. B only.C. Both A and B.D. Neither A nor B.
Business
1 answer:
Sveta_85 [38]3 years ago
6 0

Answer: The correct answer is "A. A only".

Explanation: First-in, first-out (FIFO) process costing first transfers out the costs in beginning inventory because the oldest units are the first to leave (First in - First out).

And it does not require an additional step in cost allocation to units transferred out and the final Work-in-Process inventory.

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Please help me. I will mark you as brainliest !!
Lelu [443]

Answer:

This would be a good choice.

Explanation:

Emailing the departments the summary would be the best way to get them the information because it would be time-consuming to tell each person or hand them each a separate notes sheet. An email is a professional and easily accessible way to share information with a large number of people.

4 0
3 years ago
In the context of Herzberg's two-factor theory, ____________ are characteristics of the workplace, such as company policies, wor
Anettt [7]

Answer:

THE CORRECT OPTION IS a) hygiene factors

Explanation:

The two factor theory which was developed by Frederick Herzberg , consists of two factors on which a person's job satisfaction depends upon , one is motivation which consists of factors for satisfaction and other one hygiene , which consists of factors for dissatisfaction.

According to the question given , hygiene factors are the ones that can make people dissatisfied. This includes secondary working conditions, salary etc, every company should try to improve their hygiene factors to reduce the job dissatisfaction.

6 0
3 years ago
LO 2.1Which of the following represents the components of the income statement for a manufacturing business?
Gennadij [26K]

Answer:

Sales Revenue – Cost of Goods Sold = gross profit

Explanation:

In order to determine the income statement components, the following component is shown

Gross profit = Sales revenue - the cost of goods sold

where,

Sales revenue represents the sales of the business organization

And, the cost of goods sold would be

= Opening inventory + Purchase - ending inventory

By deducting the cost of goods sold from the sales revenue the gross profit can arrive

6 0
3 years ago
Splish Company purchased a computer for $9,920 on January 1, 2019. Straight-line depreciation is used, based on a 5-year life an
BartSMP [9]

Answer:

$2914

Explanation:

The following steps would be taken to determine the answer

1. Calculate depreciation expense given the initial information  

2. calculate the accumulated depreciation by the second year. Accumulated depreciation is sum of depreciation expense

3. subtract the accumulated depreciation from the cost price of the asset. This would give the book value  

4. calculate the depreciation expense using the new information and the book value

Straight line depreciation expense = (Cost of asset - Salvage value) / useful life

($9,920 - $1240) / 5 =  $1736

Accumulated depreciation = 1736 x 2 = $3472

Book value at the beginning of 2021 = 9920 - 3472 = $6448

Depreciation expense in 2021 = (6448 - 620) / 2 = $2914

5 0
3 years ago
If the lowest-paid employee earned $15,000 a year, what would the maximum salary be for the highest-paid manager under the 7-to-
romanna [79]

Under the 7-to-1 rule, the maximum salary that would be paid to the highest-paid manager is $105,000.

Data and Calculations:

Lowest-paid employee's annual earnings =$15,000

Maximum-Minimum Salary Rule = 7-to-1

The maximum salary paid to the highest-paid manager = $105,000 ($15,000 x 7).

Thus, the maximum salary paid to the highest-paid manager under the company's 7-to-1 rule is $105,000.

Learn more: brainly.com/question/3854368

4 0
2 years ago
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