An advantage of the average-cost method of accounting for inventory is that the inventory is valued in the balance sheet at current replacement costs

Knowing the number of hours needed to make a product is information used in the _________________________.

a. The sales budget b. The production budget c. The labor budget d. The selling, general and administration budget

For an upcoming trip, Pat wants to buy Euros at the local bank when the current exchange rate quoted on OANDA.com was $1.563 per 1. What should Pat plan to pay for 1,000?

A. exactly $1,563 B. more than $1,563 C. about $640 D. less than $640