When a Product That Spreads Through the Population,it Is Called

question 396

Multiple Choice

When a product that spreads through the population,it is called the __________.

• A)spread of innovation.
• B)proliferation of innovation
• C)open innovation
• D)dispersal of innovation
• E)diffusion of innovation

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Definitions:

Weighted-Average Cost Method

A method of costing inventory that determines the cost of goods sold and the value of the ending inventory by averaging the cost of all available units over the period.

Equivalent Units

A concept in cost accounting used to allocate costs to partially completed goods, converting them into the amount of finished goods units that could have been produced.

Conversion Costs

The combined costs of direct labor and overhead associated with transforming materials into finished goods.

Weighted-Average Method

An inventory costing method that calculates the cost of goods sold and ending inventory based on the average cost of all items available for sale during the period, weighted by the number of units.