Austin's total fixed cost is $3,600 a month for making 100,000 cupcakes at his cupcake bakery.Austin employs 20 workers and pays each worker $600 a month.If labor is his only variable cost,what is Austin's total cost per month for making 100,000 cupcakes?
Which of the following is not a disadvantage of using the FIFO cost flow assumption?
A) creates the highest outflow for income taxes during periods of rising prices B) does not match current costs against current revenues C) includes all the holding gains in income during periods of rising prices D) provides a relevant ending inventory value