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-BARSIC- [3]
3 years ago
7

The average cost method of process costing differs from the FIFO method of process costing in that the average cost method: Grou

p of answer choices Requires that ending work in process inventory be stated in terms of equivalent units of production. b. Can be used under any cost-flow assumption. c. Does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production. d. Considers the ending work in process inventory only partially complete.
Business
1 answer:
pochemuha3 years ago
7 0

Answer:

c. Does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production.

Explanation:

The average cost method of process costing  differs from the FIFO method of process costing in that it does not consider the degree of completion of beginning work in process inventory when computing equivalent units of production.

The average method Equivalent units of Production include goods transferred out and ending inventory  whereas FIFO method Equivalent units of Production include goods transferred out ,ending inventory and beginning inventories as well.

FIFO accounts only for the current period costs whereas average costs account for average cost on the whole.

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When Ronaldo bought his new flat-screen television, he was surprised at the cost differences between some of the models. When he
Stella [2.4K]

Answer:

c

Explanation:

lie is not the right term to use in this situation because the salesperson didn't really lie its more of he left some facts about the expensive converter box which is best expressed as omission

4 0
3 years ago
Industry regulations, such as RESPA, can affect your business by ______. Indirectly affecting real estate and limiting how you m
chubhunter [2.5K]

Indirectly affecting real estate and limiting how you may conduct business.

Industry regulations, such as RESPA, can affect your business by <u>Indirectly</u><u> </u><u>affecting real estate</u><u> and </u><u>limiting</u><u> how you may </u><u>conduct business</u>

<u></u>

<h3>What is RESPA?</h3>

RESPA stands for Real Estate Settlement Procedures Act.

  • homebuyers and sellers and forbidding abusive settlement tactics, RESPA aims to lower excessively high settlement costs.
  • All Borrowers shall be informed of the potential of a transfer of mortgage servicing, real estate transactions, settlement services, and applicable consumer protection regulations.
  • In addition to detailed representations of actual settlement costs, borrowers are entitled to initial and annual escrow account statements.
  • RESPA prevents sellers from pressuring borrowers to buy title insurance from particular companies, outlaws kickbacks, referral fees, and unearned fees, and forbids loan servicers from requiring unreasonably large escrow accounts.

To learn more about RESPA visit:

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5 0
1 year ago
what term is used to describe the approach taken by companies such as magicleap.com where physical and digital objects are able
timofeeve [1]

The technological approach which enables the coexistence of digital and physical objects using immersive technology is a middle ground between Augmented and virtual reality called MIXED REALITY.

Augmented reality technology is capable of producing a real world representation of physical world using 3D representation.

Virtual reality on the other hand creates a visual experience of a computer simulated digital environment. Virtual reality usually requires the use of headset and sensors.

Mixed reality technology is inbetween virtual and Augmented reality as it allows the interaction between virtual and physical objects in real time. Applications of mixed reality the DAQRI smart helmet which allows communication and collaboration between teams in field such as Engineering and Architecture.

Therefore, mixed reality allows the coexistence of the virtual and physical world on real time.

Learn more :brainly.com/question/22621708?referrer=searchResults

8 0
2 years ago
Economic facts in terms of number are known as​
arlik [135]

Answer: Index

Explanation:

Any economic fact expressed in terms of number is known as Index,

Index is the statistical change which represents the change in the individual data point. Index measures the change in the consumer goods and its price over time in different geographical locations. Some indices display market variations that cannot be captured in other ways.

5 0
3 years ago
An agent is discussing an equity index annuity purchase with a client. The agent explains that there are several which she feels
Vesna [10]

Answer:

B) should pack her bags for the trip; she earned it

Explanation:

In this scenario, it can be said that if the client purchases that annuity, the agent should pack her bags for the trip; she earned it. Since the annuity that has been recommended by the agent is offering her an incentive, and the agent fully disclosed that fact to the client, then she did her duty correctly. In the case that the client decides to purchase the annuity, they do so with full knowledge of the potential conflict of interest.

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