In a period of rising prices, the inventory cost allocation method that tends to result in the lowest reported net income is
a. LIFO.
b. FIFO.
c. moving average.
d. weighted average.
A
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Inspection time for a plant is 10,000 hours per year. The cost of inspection consists of salaries of four inspectors, totaling $60,000. Inspection also used supplies costing $3 per inspection hour. The company has a close to zero defect state and has eliminated the need for any inspection activity. Calculate the nonvalue-added cost of inspection per year
A) $30,000 B) $60,000 C) $90,000 D) $120,000
While on vacation, Martha had her camera stolen. Not wanting to waste vacation time shopping for a new camera, Martha simply purchased another camera just like her old one. For Martha, the ________ was low.
A. perceived benefit versus perceived cost of search B. locus of control for this decision C. prepurchase dissonance factor D. determinant attribute for this decision E. universal set of camera options
Use the Pixar approach to storytelling to create a storytelling approach to a new chopping board with a replaceable protective film that makes daily sanitation a thing of the past.
What will be an ideal response?
Hadley Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$126 Units in beginning inventory 0Units produced 1,900Units sold 1,800Units in ending inventory 100 Variable costs per unit: Direct materials$49Direct labor$28Variable manufacturing overhead$5Variable selling and administrative expense$11Fixed costs: Fixed manufacturing overhead$32,300Fixed selling and administrative expense$23,400What is the unit product cost for the month under variable costing?
A. $93 per unit B. $82 per unit C. $99 per unit D. $110 per unit