Which of following methods for purpose of averaging costs

Assignment Help Accounting Basics
Reference no: EM13128940

Companies characterized by the production of basically homogeneous products will most likely use which of the following methods for the purpose of averaging costs and providing management with unit-cost data?

A. Process costing.
B. Absorption costing.
C. Direct costing.
D. Job-order costing.

Reference no: EM13128940

Questions Cloud

Explain the formation of diacetylferrocene : Diacetylferrocene, In the formation of diacetylferrocene, the product is always the one in which each ring is monoacetylated.
Write a conclusion for theories : with a conclusion answering the following questions: · How are these theories similar to one another? · How are they different from one another?
Fnd probability that face showing up a six turns : Fnd the probability that the face showing up a six turns up between 10 and 30 times. Find the probability that the sum of the face values of the 100 trials is less than 250.
Explain an example of relevant cost : Illustrate and fully explain using an example of relevant cost (a cost whose value does affect the optimal decision) and an example of irrelevant cost (a cost whose value does not affect the optimal decision) to the business regarding this decisio..
Which of following methods for purpose of averaging costs : Companies characterized by the production of basically homogeneous products will most likely use which of the following methods for the purpose of averaging costs and providing management with unit-cost data?
Find the standard deviation of x : If 40 voters are chosen at random and X is the number of voters that support this referendum, find the standard deviation of X.
Compute the increase in fixed cost : In 2011, Hoffmann Company had a break-even point of $332,000 based on a selling price of $8.00 per unit and fixed costs of $112,880. In 2012, the selling price and the variable cost per unit did not change, but the break-even point increased to $4..
Explain important information about nitration : Important information about Nitration, Explain why nitration of 1,4-dichloro-benzene yields the mononitro derivative while N,N'-diacetyl-1,4-phenylenediamine forms
What are basic choices of strategy : If you (and everyone else) were certain that the exchange rate between dollars and pounds would not change over the next 180 days, what would you do? What would you have at the end of 180 days?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Muriel taxable income

Muriel, age 70 and single, is claimed as a dependent on her daughter's tax return. During 2009, she had interest income of $2,400 and $800 of earned income from babysitting. Muriel's taxable income is what?

  What is the cost of the second passenger

if you are driving in your own car to another city, how much will it really cost you to make that drive? Should you include the cost of the car, part of the cost of the car, none of it? What if a friend asked if he could ride with you? What is the..

  Prepare the entry to record bad debt expense

Instead of estimating the uncollectibles at 2% of net sales, assume that 10% of accounts receivable will prove to be uncollectible. Prepare the entry to record bad debt expense.

  Intellectual property claims

Yuli Copters is known to be aggressive in ignoring intellectual property claims. Imagine they just go ahead with the project as stated above. (In other words, they decide not to pay for the license.)

  Outstanding bank loan problem

A small business owner holds $4,000 in cash; $1,200 in materials; $10,000 in land and $32,000 in plant and equipment. His accounts payable total $9,000 and he has an outstanding bank loan totaling $18,800. what is the owners equity?

  Proprietorships and partnerships

Critique the benefits and drawbacks of proprietorships and partnerships as a form of business organization.

  Problem related to auditors examination

How is an auditors examination affected when a client has engaged in significant related party transactions? What measures should an auditor take to determine that such transactions have been properly recorded by the client?

  Budgeted volume and standard volume

Printers Inc. manufactures and sells a mid-volume color printer (MC) and a high-volume color printer (HC). Each MC requires 100 direct labor hours to manufacture, and each HC requires 150 direct labor hours.

  Prepare an anti-aging drug

Godert pharmaceutical company has several scientists working in the labs trying to prepare an anti-aging drug. The cost of this research and development

  Type of accounting system

if the sales manager accepts a rush order that will result in higher than normal manufacturing costs, these additional costs are charged to the sales manager because the authority to accept or decline the rush order was given to the sales manager...

  Ifrs and accounting consensus

Write a 1-2 page research summary on the document below authored by Sunder. Focus your paper on Sunder's five key elements of consensus for common accounting standards for multinationals.

  Show computations to value the ending inventory

Show computations to value the ending inventory using the weighted-average cost method if 550 units remain on hand at October 31.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd