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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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Which of the following statements is FALSE? A. Individual investors should be involved in choosing a mutual fund because they kn
snow_tiger [21]
The statement in option D is FALSE. An investor must understand the kind of investment he want to put his money on. Individuals should be actively involved in choosing a mutual fund because they know their own reasons for investing in the first place.
8 0
2 years ago
A work system has five stations that have process times of 5, 9, 4, 9, and 8. What is the bottleneck time
Margarita [4]

Answer:

9

Explanation:

Given that

There is five stations who have the process time of 5,9,4,9 and 8

We need to find out the bottleneck time

so, as we know that the bottleneck is the duration of the activity who have longer time

So as per the given situation the 9 has the longest duration activity time

So, the same is to be considered

7 0
3 years ago
If advertising makes consumers more loyal to particular brands, it could ________ the elasticity of demand and ________ the mark
Kazeer [188]

Answer:

The correct answer is Decrease; increase.

Explanation:

One of the issues that brands want to create in their relationship with their consumers is loyalty, loyalty. In a market where products are increasingly more and more varied and in which consumers have more and more offers and can choose between more and more brands, companies aspire to their products and the relationships established between them and their consumers go beyond having a product to fulfill a service. Brands expect and need consumers to bond with them in an emotional way, feel for their products much stronger and much stronger relationships and, therefore, be able to establish a deeper anchor with the brand. What the brands are looking for is, therefore, that the consumer practically does not have to think when choosing a product, that he does not need to consider whether that or the other: he has to stay directly with that of the brand in question because it is the of that brand.

8 0
3 years ago
50 POINTS!!!
Neporo4naja [7]
Hello There!

I'm not 100% sure but i think it is B. 
Really sorry if it is wrong.

Hope This Helps You!
Good Luck :) 

- Hannah ❤
4 0
3 years ago
Read 2 more answers
Material 1 costs $7 a pound, material 2 costs $5 a pound, and labor costs $15 per hour. Product A sells for $101 a unit, product
Umnica [9.8K]

Answer:

Some answers are attached below

Explanation:

We need to maximize profit -

Selling prices for A,B,C are given; Costs of materials 1,2 and labor are given.

Also given is that 1 unit of each product A,B,C requires certain units of material 1, material 2 and labor based on the table provided.

Profit for 1 unit of A = Selling Price - Cost = 101 - [(7*3)+(5*2)+(15*4)] = 10 $

Profit for 1 unit of B = Selling Price - Cost = 67 - [(7*1)+(5*4)+(15*2)] = 10 $

Profit for 1 unit of C = Selling Price - Cost = 97.5 - [(7*5)+(5*0)+(15*3.5)] = 10 $

LP Formulation

Maximize profit Z = 10A+10B+10C

subject to Constraints

3A+B+5C<=300 ----> Material 1 constraint

2A+4B<=400 ---->Material 2 constraint

4A+2B+3.5C <=200 ----->Labor

C>=10 -----> Product C Demand constraint

A,B,C>=0

Below is the solver solution and formulation table from Excel -

Maximum profit = 925 $

8 0
3 years ago
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