Under the FIFO method of process-costing, costs incurred and units produced in the current period are used to calculate the cost per equivalent unit of work in the current period in contrast the weighted average method which merges the units and costs of the previous period with that of the current period Select one: O True O False Which of the following statements is true about the factors that affect pricing decisions Select one O Increase in price of a substitute product does not affect pricing decisions O Information about a competitor in a perfect market affects pricing decisions OC Managers must beware of the competition when pricing the products O information about competiton technologies is not all for pricing decisions