The excess of the value of a company's inventory stated at FIFO over the value stated at LIFO is called a(n) _________________________
Fill in the blank(s) with correct word
LIFO reserve
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Which of the following represents the combined sum of direct materials costs and direct labor costs?
A) conversion costs B) period costs C) prime costs D) fixed costs
A line tracking the project costs over the life of the project ______.
A. is known as the P-curve because the line represents projected costs B. is known as the E-curve because the line curves sharply from bottom left to top right C. is known as the S-curve because the line is shaped like the letter S D. is known as the S-curve because the line represents scheduled costs
All purchases are paid for as follows: 40% in the month of purchase, 50% in the following month, and 10% two months after purchase. Calculate the budgeted balance of accounts payable at the end of October.
Galina, Inc. has prepared the following direct materials purchases budget:
A) $46,920
B) $54,520
C) $7600
D) $15,420
A decision methodology that uses hierarchy of criteria for evaluation of alternative decisions is the ______.
A. analytic hierarchy process (AHP) B. optimization method C. factor rating method D. sourcing algorithm