A method of allocating merchandise cost that is based on the average cost of identical units is known as weighted-average cost or average cost
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
Which statement is true of selection decisions?
A. They should be a simple matter of whom the supervisor likes best. B. They should be based on motivation, not abilities. C. They should be a simple matter of which candidate will take the lowest offer. D. They should be based on which candidate best meets the requirements of the position. E. They should be based on the amount of confidence observed in job candidates.
Outline the five controllable activities that relate to new systems development
Which statement regarding investments in equity securities is incorrect?
A) Significant influence equity investments are always reported as long-term assets on the balance sheet. B) Significant influence equity investments are consolidated into the investor's financial statements. C) Investments in equity securities are classified into three specific types based on the investor's level of influence over the investee company. D) Generally, no significant influence exists if there is an ownership interest of less than 20% of the investee's voting stock.
Which of the following demonstrates a proper sensitivity in wording?
a. The black workers supply the manpower we need to get the task accomplished. b. It was time for the 62-year-old judge to leave his position. c. The administration has accepted six of the new executive's recommendations. d. Only the overweight customers remained at the buffet after the first hour.