1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
insens350 [35]
2 years ago
5

An inventory pricing procedure in which the oldest costs incurred rarely have an effect on the ending inventory valuation is:

Business
1 answer:
laila [671]2 years ago
5 0

Answer:

First in, first out (FIFO)

Explanation:

In FIFO,  the assets produced or acquired first are sold, used or disposed of first and may be used by an individual or a corporation. So , since the newer costs are more relevant , the oldest cost won't affect the ending valuation.

You might be interested in
Which of the following is correct?
Alex17521 [72]

Answer:

The correct answer is b) "The greater the degree of product variation, the greater is the excess capacity problem."

Explanation:

Excess capacity means that the demand for a stock is less than the quantity that the company probably could provide to the market.

  • The greater the degree of product variation, the greater is the excess capacity problem.
  • A lower scale of output than it has been designed for creates an excess of capacity.

4 0
3 years ago
Humes Corporation makes a range of products. The company's predetermined overhead rate is $20 per direct labor-hour, which was c
hichkok12 [17]

Answer:

$7,400

Explanation:

The impact on the company's overall profit is shown below:-

<u>Particulars                Amount </u>

Sales                          $50,320  (740 × $68)

Less : Variable cost

Direct material          $30,340  (740 × $41)

Direct Labor               $10,360  (740 × $14)

Variable Manufacturing

overhead

($51,000 ÷ 17,000)        $2,220 (740 × $3)

= 3

company's overall profit $7,400

To reach the company's overall profit we simply deduct the Direct material, direct labor and variable manufacturing overhead from sales.

3 0
3 years ago
Suppose a firm’s total revenue is $100 when it sells 10 units, and $110 when it sells 11 units. The firm, therefore, is a(n):
Andru [333]

Answer:

perfect competitor

Explanation:

Given:

Firm's total revenue when 10 units are sold = $100

Firm's total revenue when 11 units are sold = $110

Average Revenue = \frac{\textup{Total revenue}}{\textup{Total units sold}}

or

Average Revenue = \frac{100}{10} = $10

and,

the marginal revenue = $110 - $100 = $10

Since,

the average revenue and the marginal revenue for the firm is equal,

therefore, the is a perfect competitor

3 0
3 years ago
To improve its standard of living, a nation’s economy must _____.
Veronika [31]

Answer:

A.grow through innovation

3 0
2 years ago
So if I ask a question does it take away my points or does it just get points from somewhere else and give it to you guys?? And
stealth61 [152]

yes your right it takes your points but it only gives us 5 to 100 and you but 5 so you only lost five and i got five but if you give brainest i will get 11 more so you should mark brainlest for ex

8 0
2 years ago
Read 2 more answers
Other questions:
  • Growth is a widely held economic goal primarily because it creates a more equal distribution of wealth and income.
    5·1 answer
  • Otis Thorpe Corporation has 10,000 shares of $100 par value, 8%, preferred stock and 50,000 shares of $10 par value common stock
    8·1 answer
  • Chris Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 5 years to overhaul the
    12·1 answer
  • Allied Cosmos, a cosmetics company, decides to expand its operations to lower-income areas in developing countries. It starts to
    10·1 answer
  • What factors contribute to commerce
    7·1 answer
  • All else​ equal, if job turnover has people leaving jobs and finding new jobs in the same​ industry, this will: A. increase the
    11·1 answer
  • Good Guy Foods wants to establish a trust fund that will provide $125,000 in scholarships each year for needy students. The trus
    11·1 answer
  • Which statement best explains why reporters should use mostly primary sources?
    14·1 answer
  • . You use the utility company’s budget plan for paying your home heating bills. You pay $75 per month for 9 months. Your actual
    10·1 answer
  • The weekly demand for an item in a retail store follows a uniform distribution over the range 70 to 83. What would be the weekly
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!