Which of the following is not a characteristic ofthe FIFO method? 0 simple and less detailed than the weighted-average method 0 can be used to assess cost control even when inventory levels are substantial O separates beginning work in process inventory from the current period's units and costs 0 cost per equivalent unit is specific to the current period Which of the following are potential benefits of using multi-dimensional performance reporting? I Managers are less likely to miss facets of performance that impact financial results. I Performance measures can be more easily refined as strategies are changed and a better understanding of what works and what doesn't work is obtained. Ill In developing the system managers will focus on understanding cause and effect relationships in the way the business operates resulting in the discovery of opportunities for improvements. O Only I and II. Only II and Ill. Only I and Ill. O I, II and III.When performance is measured along a variety of dimensions such as financial, customer, internal business process and learning and growth, the system is referred to as: IFRS Financial accounting O Balanced scorecard Return on investmentWhich of the following is one of the advantages to the target costing approach? 0 In the target costing approach, costs are fully known before the product is actually designed. 0 There is usually a higher level of costconsciousness in the target costing approach than in the cost plus approach. 0 The target costing approach approach often leads to higher levels of features included that some customers may want. 0 The target costing approach can be completed by marketing department personnel without involving others in the process