When prices fluctuate widely, the method of pricing that smoothes out the effects of fluctuations is (a)

Question:

When prices fluctuate widely, the method of pricing that smoothes out the effects of fluctuations is

(a) FIFO

(b) LIFO

(c) Weighted average

(d) Simple average

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Cost Accounting

ISBN: 9788131759462

1st Edition

Authors: K. Alex

See More Books

Question Posted: Jul 21, 2024 11:00 AM

See More Questions

1. Hardy Company is a wholesale electronics distributor. On December 31, 2011, it prepared the following partial income statement: Gross sales ............................... $600,400 Sales discounts...
Synthesis: Significance and Implications of Alternative Accounting Principles Learning Objectives Web Refer to Figure 1. Circle A indicates the universe of possible accounting principles. The dashed...
I am unsure how to start this and how to fill out excel. Please help, question below. Question: Part 1 - Excel Sheet Prepare Ratios Ratios for National Beverage Corp. concerning liquidity, solvency,...
Consider a low-pass signal with a bandwidth of 3 kHz. A linear delta modulation system, with step size = 0.1V, is used to process this signal at a sampling rate ten times the Nyquist rate. (a)...
You plan to purchase a $ 150,000 house using a 15-year mortgage obtained from your local credit union. The mortgage rate offered to you is 5.25 percent. You will make a down payment of 20 percent of...
The physicians in Problem 3-34 have been approached by a market research firm that offers to perform a study of the market at a fee of $5,000. The market researchers claim their experience enables...
3. Specialists on the New York Stock Exchange do all of the following except: a. Act as dealers for their own accounts. b. Execute limit orders. c. Help provide liquidity to the marketplace. d. Act...
Nikes principal business activity involves the design, development, and worldwide marketing of high-quality footwear, apparel, equipment, and accessory products for serious and recreational athletes....
Journalize entries for the following related transactions of Lilly Heating & Air Company: ( If an amount box does not require an entry, leave it blank. ) a . Purchased $ 4 8 , 0 0 0 of merchandise...
In the base stock method of pricing material issues, the term base stock represents the (a) Maximum stock (b) Minimum stock (c) Stock in balance (d) Quantity of stock being issued
In which of the following methods are issues of materials priced at a predetermined rate? (a) Specific price method (b) Inflated price method (c) Replacement price method (d) Standard price method
The flower colors of plants in a particular population may be blue, purple, turquoise, light blue, or white. A series of crosses between different members of the population produced the following...
Present an opportunity for Aventis Health Castle, Hawaii, to expand into an international market. Consider expansion ideas such as the creation of a new product, demand for an existing product,...
Whether Mac can rescind the contract selling the painting. Rescission is cancelling the contract as if it had never existed. This is to be contrasted with termination which stops the contract at the...
1.You have used simulation exercises to learn important front office management skills. What are other areas within a hospitality operation for which you think simulations would be a good way to...
You run a small restaurant in your hometown. Due to the Covid-19 pandemic, and the following government's restriction, you want to change your business model in order to minimise customers'...
The purchase of $\$ 500$ of supplies on account will: a. Increase both assets and stockholders' equity by $\$ 500$ b. Increase assets and decrease liabilities by $\$ 500$ c. Increase assets and...
A curve passes through the point (0, 5) and has the property that the slope of the curve at every point P is twice the y-coordinate of P. What is the equation of the curve?
How does Kant answer Humes bundle theory of self? Do you think he is successful?
18. If 1) the expected return for Belmont Bagels stock is 9.27 percent; 2) the dividend is expected to be $0.00 in one year, $4.82 in two years, $5.29 in three years, $0.00 in four years, and $2.58...
Question 1 2 points During the past 1 0 years, the percent returns on two mutual funds ( aggressive and passive ) expressed in percentages were as follows: Year Aggressive Fund Passive Fund - 1 0 0 %...
Excel Online Structured Activity: WACC The Paulson Company's year-end balance sheet is shown below. Its cost of common equity is 14%, its before-tax cost of debt is 12%, and its marginal tax rate is...

When prices fluctuate widely, the method of pricing that smoothes out the effects of fluctuations is (a)

Question:

Step by Step Answer:

Cost Accounting

Students also viewed these Business questions