The first-in, first-out (FIFO) method creates better month-to-month cost comparisons than the weighted-average method ________
A) because it does not recognize transferred in units from other processes
B) when there are substantial quantities of units in process at the end of the period
C) because it merges costs from the prior period with the current period
D) because it is used by industries that do not experience significant cost changes
B
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Marketers use cause-related marketing for the following reasons, except:
A) help develop stronger brands B) help move consumers toward brand loyalty C) encourage consumers to switch brands D) increase the level of brand parity
The risk of material misstatement due to fraud relating to revenue recognition should be
a. approached in a manner that is identical to control risk assessment. b. given lower priority to the risk of embezzlement. c. ordinarily presumed by the auditor. d. assumed to have been considered by the FASB.
In the manufacture of 10,000 units of a product, direct materials cost incurred was $145,800, direct labor cost incurred was $82,000, and applied factory overhead was $45,500. What is the total conversion cost?
A) $127,500 B) $145,800 C) $272,200 D) $273,300
_______ occurs when an officially neutral employment practice disproportionally excludes the members of a protected group. It is generally considered unintentional.
A. Disparate impact B. Disparate treatment C. Invasive vesting D. Logical difference E. Situational involvement