Why do you think a company would ever choose to use perpetual LIFO as its costing method? It is clearly more trouble to calculate than other methods and doesn’t really align with the natural flow of the merchandise, in most cases.

Q: How important is it to trace costs appropriately?  Explain. As you are beginning to think about the…

A: Solution:- 1)Discussion of How important is it to trace costs appropriately as follows under:-…

Q: Which of the following is an assumption of cost-volume-profit analysis? a. The inventory quantities…

A: Whereas fixed costs remain constant, variable costs change in proportion to the volume of…

Q: This question has stumped me. I dont understand how the number change under cost of goods sold. So…

A: Perpetual FIFO is a cost flow tracking system under which the first unit of inventory acquired is…

Q: Which of the following statements is false? Multiple Choice Examples of selling costs include…

A: Costs incurred can be of three types;manufacturing,selling and,administrative.Where manufacturing…

Q: A limitation of transfer prices based on actual cost is that they   Must be adjusted by some…

A: If the transfer price and the actual cost would be same that represents that the company has not…

Q: Which of the following best describes an "opportunity cost"?     Expected future costs that differ…

A: Introduction: Opportunity cost: Cost for the opportunity lost called opportunity cost.

Q: Which of the following statements is not correct? Multiple Choice   Price discrimination is the…

A: The objective of the question is to identify the incorrect statement among the given options related…

Q: Vhlch öf the föllówing statements Is true? Multiple Choice Product costs and varlable costs are…

A: Fixed cost can also be product cost like fixed manufacturing overhead. Product cost is the main…

Q: Discuss the concept of cost of goods sold. Why is it so important? What is the downside for you, as…

A: 1 a   Cost of goods sold (COGS) is a key concept in accounting that refers to the cost of the goods…

Q: 4. (A) Which of the following transactions would cause net income for the period to be understated…

A: Note: Since you have asked multiple questions, we will solve the first question for you. If you want…

Q: Calculation of profit change from changes in sales price, sales volume, variable costs, or fixed…

A: This question deals with profit change from changes in sales price, sales volume, variable costs, or…

Q: Which of the following is NOT true regarding an income statement organized according to the…

A: An income statement is a financial statement that tracks both corporate revenue and expenses over a…

Q: Which of the following items is not a product cost? Multiple Choice Freight cost on goods delivered…

A: Cost included in manufacturing a product are called product costs. Cost of goods sold comprises of…

Q: Which one of the following is not a disadvantage of the specific identification method of inventory…

A: Under specific identification methods of inventory, specific inventory movement is measured. So it…

Q: How do we decide whether to accept a special order? Which costs are relevant? What other factors…

A: Since multiple questions have been posted, as per the guidelines only the first question will be…

Q: Under EOQ approaches, order costs can be minimised by placing large, infrequent orders for…

A: GIVEN    Under EOQ approaches, order costs can be minimised by placing large, infrequent orders for…

Q: Which of the following choices correctly denotes factors that can influence a company's pricing…

A: Pricing a product or service is an important task for every organisation. It is the basis for the…

Q: physical flow of inventory

A: Inventory valuation is essential for any business to figure out the correct net income and balance…

Q: What does it mean when a company has a major expense? Like for example, "The major expense for…

A: For your understanding -  There are two types of cost direct costs and indirect costs. Direct costs…

Q: What is false about cost plus mark-up pricing? a. attempts to apply or allocate fix costs to pricing…

A: Cost plus pricing: It is a pricing strategy in which company set selling price by charging  markup…

Q: 3. What are differential Revenues? A B C Any Revenue that increases when costs go down. D.…

A: Revenues and Expenses are important part of income statement. Under this, net income is calculated…

Q: Cost−volume−profit analysis is NOT useful in​ ________.   A. determining the appropriate sales mix…

A: Cost volume profit analysis assesses the impact of different cost and revenue levels on the…

Q: What are these equations? c.Under absorption costing, what is the cost of goods sold? d.Under…

A: Hey, since there are multiple subparts posted, we will answer the first three subparts. If you want…

Q: Dorsey Company manufactures three products from a common input in a joint processing operation.…

A: The product should be processed further after split off point only if the incremental revenue from…

Q: The line that begins at the origin on a CVP graph represents     total expenses.     total fixed…

A: Since you have posted multiple questions , we will do the first one for you. If you want any…

Q: If costs are rising, which of the following will be true?a. The cost of goods sold will be greater…

A:

Q: Cost Plus Pricing   This is the most common cost-based approach to pricing a product, in which a…

A: Cost Added Pricing seems to be the most typical cost-based method of setting prices for the goods,…

Q: 1.) Explain one difference between manufacturing and merchandising business. 2.) Why is it that…

A: Solution:- 1) Explanation of one difference between manufacturing and merchandising business as…

Q: Which of the following is not a reason for banks to use activity-based costing? a.to determine…

A: Activity based costing (ABC): Under activity based costing method, the activities responsible for…

Q: For CVP analysis calculations, which of the following statements is correct? O A. In target profit…

A: The break-even sales are calculated as the fixed costs divided by the contribution margin ratio. The…

Q: How do costs behave when there is a change in volume? a) ______ increases or decreases in total in…

A: Hi student SInce there are multiple questions, we will answer only first question. Since first…

Q: APPLY THE CONCEPTS: Target income (sales revenue) Another useful method for figuring out the type…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: CVP analysis makes all of the following assumptions except     a change in volume is the only…

A: In order for a CVP analysis to be accurate, certain assumptions must be met. These assumptions are:…

Q: May I ask for an explanation to the question for a better understanding. Thank you! Gross profit…

A: Gross profit is profit earned after deductions of cost of goods sold.

Q: Cost-volume-profit analysis is used for ________. analyzing the effects of changes in costs on…

A: Cost volume profit analysis is designed for profit forecasting at varying levels of sale volume and…

Q: Refer to the information for Smooth Move Company on the previous page. If SmoothMove accepts the…

A: For analysis of special order, incremental revenues and incremental expenses are calculated for…

Q: Does your current/future company price discriminate? Explain how the practice works (direct or…

A: Price discrimination is a market strategy in which the vendor charges varying prices for the same…

Q: Leah Clement believes that the allocation of cost of goods available for sale should be based on the…

A: Cost of Good Sold: Cost of goods sold (COGS) refers to the direct costs of manufacturing the…

Q: a) Compare and contrast variable cost-plus pricing and target pricing, and indicate the…

A: Variable costingThe variable costing method estimates the cost of the product by considering only…