Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Which of the following is true of weighted-average process-costing? a) It does not represent the average cost of units when inputs prices fluctuates markedly
Which of the following is true of weighted-average process-costing? a) It does not represent the average cost of units when inputs prices fluctuates markedly from month to month. b) c) It facilitates period-to-period comparisons and hence is very useful in analyzing the performances of managers for different periods. It arrives at the same unit costs as arrived under FIFO method, but the computations are easier under weighted average process-costing. d) It calculates the cost per equivalent unit of all work done to date, regardless of the accounting period in which it was done.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started