Question
In a period of rising prices and stable inventory
quantities, which of the following best describes the effect on gross profit of using LIFO as compared to FIFO?Solution
Compared to FIFO, Cost of goods sold under LIFO will be higher because the most recent higher costs units are assumed to be the first units sold. Higher COGS under LIFO will result in lower gross profit (revenue – cost of goods sold)
For manufacturing of pasta, wheat variety used is:
How can food service establishments ensure proper cleaning and sanitizing of surfaces?
During malting, barley and other grains are broken down by:
Fuzzy or cottony appearance usually represent growth of
Which of the following sentence is INCORRECT with respect to storage temperature?
The major crops of Meghalaya are
The first attempt at aseptic food packing was made in
Causes for food spoilage are
Diseases caused by consumption of certain proteins from Leguminosae and Euphorbiaceae families causing clumping of red blood cells are:
Options:<...
Which is untrue with respect to pectin, a naturally occurring polysaccharide in fruits, in the food industry?
a. It forms the basis of j...
