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

  Provide and explain missing closing entry

Retained earnings at 1/1/06 was $150,000 and at 12/31/06 it was $200,000. During 2006, cash dividends of $50,000 were paid and a stock dividend of $40,000 was issued. Both dividends were properly charged to retained earnings.

  Why does a defined benefit plan present far more

Distinguish between a defined benefit plan and a defined contribution plan. Why does a defined benefit plan present far more complex accounting issues than a defined contribution plan?

  Effective annual rate of return

Rebello's preferred stock pays a dividend of $1.00 per quarter, and it sells for $55.00 per share. What is its effective annual (not nominal) rate of return.

  Explain the accounting alternatives

Explain the accounting alternatives that Bonanza Trading Stamps, Inc. should consider for the recognition of its revenues and related expenses.

  Computing price of forward contract

What is the forward price of your contract? Suppose both the 1-year and 11-year spot rates unexpectedly shift downward by 2 percent. What is the price of a forward contract otherwise identical to yours?

  Par value method of accounting for treasury stock

Assuming Kuchman uses the par value method of accounting for its treasury stock, retained earnings at Dec 31. Year 2 would be reduced by ?

  Product structure tree and mrp schedule

Assume that Product Z is made up of two units of A and four units of B. A is made of three units of C and four units of D. D is made of two units of E.

  How is the accounting profession changing in order

In prior weeks you were asked to report on the following scenarios pertaining to Kobyashi Moru. Remember that each of these scenarios was an independent situation.

  What would be the value of the bonds

Assume a healthcare company sold bonds that have a ten-year maturity, a 12% coupon rate with annual payments, and a $1,000 par value.

  Determine the accounting principles-foreign and domestic

Determine the accounting principles (GAAP) the foreign and domestic companies use to prepare financial statements.

  Journal entries for harper company

Prepare journal entries to record the following transactions entered into by Harper Company:

  Describe the research design

Assume you are the decision maker for IndustryWeek. Given the declining value of the reader response card to subscribers, originally designed as a value-enhancing service to IW readers and advertisers alike, what further research might be suggeste..

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