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Vesnalui [34]
3 years ago
9

The LIFO cost flow assumption results in the most (distant/recent) costs being transferred to cost of goods sold. In times of ri

sing prices, the costs transferred to cost of goods sold under LIFO will therefore be (higher/lower) than the costs transferred to cost of goods sold under FIFO.
Business
1 answer:
asambeis [7]3 years ago
5 0

Answer:

  • RECENT
  • HIGHER

Explanation:

Last-in, first-out (LIFO) means that the most recent costs are going to be used to determine the cost of goods sold. The LIFO method is very useful when the prices of your inputs or merchandise are continuously rising, for example if inflation rate increased. LIFO method is better for determining replacement costs when prices are increasing.

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In monopolistically competitive markets, resources are: Group of answer choices overallocated because long-run equilibrium occur
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Answer: underallocated because long-run equilibrium occurs where price exceeds marginal cost.

Explanation:

Monopolistic competition occurs when there are many firms that are producing products that are differentiated. It should also be noted that one typical characteristics of a monopolistic competition is a large number of firms coupled with low entry barriers.

It should be noted that in monopolistically competitive markets, resources are underallocated because long-run equilibrium occurs where price exceeds marginal cost..

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3 years ago
you are working to finish an assigned task in order to meet your ship goal when the co-workers and ask you for your help with so
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The best thing that I can do is to work in my task while giving instructions to my co worker on what to do in regard to the thing he or she needs help on. The least thing I can do is not to help someone who is in need as I know in the future I may need one's help too.

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3 years ago
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Which of the following descriptions are not correct for a push system? (1). There is no clear visibility between processes (2).
ohaa [14]

Answer:

The correct answer is (2)The workers on shop floor lack the autonomy to stop the manufacturing on their own initiative.

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So,  from the given options, the correct answer is (2)The workers on shop floor lack the autonomy to stop the manufacturing on their own initiative

8 0
3 years ago
Explain two situations where scarcity effects you
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Activity-based costing uses one plantwide pool and numerous cost drivers departmental pools and a single cost driver. numerous c
kipiarov [429]

Answer:

numerous cost pools and numerous cost drivers

Explanation:

Costing is the measurement of the cost of production of goods and services by assessing the fixed costs and variable costs associated with each step of production.

In Financial accounting, one of the most widely used activity-based costing technique is the time-driven activity-based costing.

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3 years ago
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