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Over [174]
3 years ago
12

The units transferred in from the first department to the second department should be included in the computation of the equival

ent units for the second department under which of the following methods of process costing?
FIFO Weighted-Average
a. Yes Yes
b. Yes No
c. No Yes
d. No No
Business
1 answer:
Mashcka [7]3 years ago
7 0

Answer:

A. Yes Yes

Explanation:FIFO(FIRST IN FIRST OUT) this is a terminology used in accounting, Quality assurance/Food safety and stock management to control the receiving and usage,transfer or sale of goods,raw materials,spare parts etc. It is aimed at ensuring that products are used or sold according to the time it was received.

It is a method of determining the arithmetic mean of a set of data,or the average weight of a set of materials because some of the data or materials weigh more than the other. It is applied in materials and stock management to ensure that proper stock value is obtained when valuing the total amount of materials or stock received.

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erma4kov [3.2K]

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6 0
3 years ago
Read 2 more answers
______________ is when a product is included inside a TV show or movie. A. Product placement B. A commercial C. Promotion D. Ins
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7 0
4 years ago
Drawbacks of using variable or full costing to set transfer prices include ______. Multiple select question. suboptimization tha
Sergeeva-Olga [200]

Answer:

a lack of incentive to control costs because they are simply passed to another department

a lack of departmental profit for the supplying department

suboptimization that may occur as fixed costs per unit may push the transfer price above market price

Explanation:

The limitation that could come after using the variable or full costing in order to set the transfer price involved the lack of the incentive for controlling cost, lack of departmental profit and the supoptimization that could be arise when the fixed cost per unit force the transfer price i.e. over and above to the market price

Therefore the above statements should be considered

3 0
3 years ago
The fixed cost of a business:
REY [17]

Answer:

B)do not vary based on how many customers the company serves

Explanation:

Fixed costs are defined as expenses that do not change as a function of the activity of a business, within the relevant period. For example, a retailer must pay rent and utility bills irrespective of sales. Some examples of fixed costs include rent, insurance premiums, or loan payments. A fixed cost is a cost that does not change with an increase or decrease in the amount of goods or services produced or sold. Fixed costs are expenses that have to be paid by a company, independent of any specific business activities.

5 0
4 years ago
Parc hired Glaze to remodel and furnish an office suite. Glaze submitted plans that Parc approved. After completing all the nece
seraphim [82]

Answer:

From the information given about the contract and its execution between the two parties involved( That is, Parc and Glaze), the option 2 is most likely.

2. Glaze will win because Glaze substantially performed and Parc prevented complete performance.

Explanation:

It is stated that Glaze was hired to remodel and furnish an office suite, after a submitted plans by Glaze were approved by Parc. It was further stated that the construction and painting had been done.

Although, with Glaze purchasing minor accessories which Parc rejected because they did not conform to the plans is a breach of contract, but that can be corrected by calling Glaze to order. However, it was Parc that refused to allow Glaze to make necessary corretion and complete the project and also refused to pay Glaze any part of the contract price.

5 0
4 years ago
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