Answer:
The correct answer is False.
Explanation:
This statement that, an advantage of FIFO is that it assigns the most recent costs to cost of goods sold and does a better job of matching current costs with revenues on the income statement, is not correct.
Under fifo method the most recent cost is assign to closing not COGS. It is LIFO method (last in first out ) in which the most recent costs is assign to cost of goods sold. Under the fifo method cost that is incurred first is charged first to COGS.
Answer:
B. Contact the employer by phone, fax, or email
Explanation:
Josefina submitted a complaint online that is non-serious in nature. The OSHA most likely respond by contacting the employer by phone, fax, or email.
Because the complaint is of informal or non serious nature, the other option does not sit well with the situation. To satisfy Josefina, they would just make a call or send and email or fax so she is satisfied and feels that her complaint is being looked at.
Well it raises the price of goods such as a juice bottle costing 3.00 dollars and adding a 4% increase to that price. also another aim is better jobs for people, making sure that everyone can find a job
The cumulative budgeted cost at the end of week 6 is $100,000. The answer in this question whose are amounts are in thousand of dollars is $100,000. So, the cumulative budgeted cost at the end of the week 6 is $100,000.Cumulative budgeted cost or acronym of CBC is the amount that is budgeted in order to accomplish the work that was scheduled.
Answer:
(a) Continue to operate.
(b) Shut down
(c) Continue to operate.
Explanation:
(a) It is given that the firm will experiencing a loss of $5000. Therefore, it means that a loss of $5,000 is borne by the producer of the fixed cost. It is a portion of fixed cost but the firm will continue to operate in the short run if it covers all of the variable cost in the short run.
(b) The firms in the long run try to cover all of its variable and fixed cost. If this situation persists then this firm unable to cover its all costs. Therefore, the firm will shut down its operation and go out of the business.
(c) Now, if the firm’s fixed costs are $2,000.
There is a reduction in the fixed cost by $6,000
Previously firm able to cover = $8,000 - $5,000
= $3,000
It means that it cover its fixed cost and hence, the firm will operate in both short run and long run.
