Which of the Following Is True of Weighted-Average Process-Costing

question 12

Multiple Choice

Which of the following is true of weighted-average process-costing?

• A) It does not represent the average cost of units when inputs prices fluctuates markedly from month to month.
• B) It facilitates period-to-period comparisons and hence is very useful in analyzing the performances of managers for different periods.
• C) It arrives at the same unit costs as arrived under FIFO method, but the computations are easier under weighted-average process-costing.
• D) It calculates the cost per equivalent unit of all work done to date, regardless of the accounting period in which it was done.

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Definitions:

Time Delay

Time Delay refers to the period between an action being initiated and its outcome or effect being observed.

Generalization

The process of applying conclusions or rules derived from specific instances to broader contexts.

Classical Conditioning

A habituation technique that involves repeatedly combining two stimuli, eventually resulting in a response first provoked by the second stimulus being provoked by the first stimulus alone.

Conditioned Stimulus

A stimulus that, after association with an unconditioned stimulus, comes to produce a conditioned response.