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:

Republic of Texas

A sovereign nation in North America that existed from March 2, 1836, to February 19, 1846, before becoming a state of the United States.

U.S. Army

A service branch of the United States Armed Forces tasked with carrying out military operations on land.

Californios

The Hispanic residents of California, particularly those living there before it became a part of the United States.

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Individuals or companies engaged in the raising and grazing of cattle, often for meat production, on extensive ranches.