Which of the Following Would Not Be Classified as Charges

question 38

Multiple Choice

Which of the following would not be classified as charges for services?

• A) Operating special assessments.
• B) Licenses and permits.
• C) Fines and forfeitures.
• D) A special tax levied for a particular function.

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Definitions:

Flexible Budget

A budget that adjusts or flexes with changes in the level of activity or volume of production.

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and salaries of production supervisors, not directly tied to the production of an individual product.

Spending Variance

The difference between the budgeted or standard cost of something and its actual cost, often analyzed in budgeting and cost control.

Units

The measures or quantities of a product, service, or resource, which are accounted for in business transactions.