Which of the Following Is(are)the Same Between the Weighted Average

question 75

Multiple Choice

Which of the following is(are) the same between the weighted average and FIFO methods of calculating EUPs?
$\begin{array}{lll}\text { Unitsto } & \text { EUP } & \text { Total cost to } \\\text {\underline{ accountfor} } & \text {\underline{ calculations }} & \text {\underline{ account for }}\end{array}$

• A)no yes no
• B)yes yes yes
• C)yes no no
• D)yes no yes

Understand the concept of external costs and how they lead to overproduction in the absence of government intervention.

Recognize the importance of considering external costs in achieving efficient levels of production.

Understand the principles and importance of E-Commerce legislation.

Recognize the role and enforceability of fairness in contracts.

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Definitions:

Variable Cost

Costs that vary directly with the level of production or sales volume, such as materials and labor.

Unit Selling Price

The amount for which a unit of product is sold, not including any discounts or allowances.

Variable Cost Method

An accounting approach where costs that vary directly with the level of production are allocated to products, influencing the cost of goods sold and inventory valuation.

Contribution Margin

The difference between the sales revenue of a product and its variable costs, indicating the amount contributing towards covering fixed costs and generating profit.