Which of the Following Statements Is(are)true? I

question 103

Multiple Choice

Which of the following statements is(are) true? I.For cost control,the FIFO method of process costing is better than the weighted-average method.II.The weighted-average method of process costing assigns more cost to units completed (transferred out) than the FIFO method.

• A) Only I is true.
• B) Only II is true.
• C) Both I and II are true.
• D) Neither I nor II is true.

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Definitions:

Pension Fund Managers

Professionals responsible for overseeing the investment and allocation of funds collected in a pension scheme to ensure that there are enough resources to pay pension benefits in the future.

Employee Horseplay

Unprofessional and risky behavior by employees during work hours, potentially leading to accidents or injuries.

Employer Defenses

Legal justifications used by employers to defend against claims brought by employees.

Occupational Diseases

Occupational diseases are illnesses contracted as a result of exposure to risk factors arising from work activity.