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Describe the processes of assimilation,accommodation,and contrast and explain whether you think assimilation,accommodation,or contrast will occur in each of the following situations:
a.A consumer picks up an unfamiliar piece of fruit that looks like a tiny orange,but it is about the size of a walnut instead of the size of a typical orange. The skin appears to be the same as an orange and it smells like an orange.
b.A consumer sees a vehicle like the car they drive.
c.A consumer sees a vehicle with two people in it flying 18 inches above the ground.
Production
The process of creating goods or services by combining labor, materials, and machinery to meet consumer demand or business requirements.
Equivalent Unit
A method used in process costing that converts partially completed units into a number of fully completed units.
Process Costing
A costing method used in industries where production is continuous, allocating costs to products based on the processes or departments they pass through.
FIFO Method
An inventory valuation method where the first items acquired are the first ones sold, standing for "First In, First Out."
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