Which Is an Advantage of the Weighted Average Costing Assumption

question 92

Multiple Choice

Which is an advantage of the weighted average costing assumption in process costing?

• A)There is a possibility of errors when input costs are changing significantly from one period to the next.
• B)The cumulative effect of an error might produce a significant distortion in the cost of the final product.
• C)The performance of the current period is combined with the performance of the current period,making it difficult to compare costs between periods.
• D)Unit costs are simpler to calculate.

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Definitions:

Quality Improvement

The systematic process of making continuous improvements to the quality of products, services, or processes.

Traditional Management

A hierarchical organizational management structure where decision-making is typically centralized and there are clear, distinct layers of power.

Human Resource Management

The practice of recruiting, hiring, deploying, and managing an organization's employees, focusing on policies and systems to maximize workforce effectiveness.

Total Quality Management

A holistic approach to long-term success that views continuous improvement in all aspects of an organization as a process and not as a short-term goal.