Which of the Following Could Never Be Considered Part of Assigned

question 47

Multiple Choice

Which of the following could never be considered part of assigned fund balance?

• A) The finance director sets aside a substantial amount of resources for a special project.
• B) Unassigned amounts loaned to another fund for more than one year.
• C) Expected costs of orders outstanding at year end that are to be filled in the next fiscal year.
• D) Fund balances remaining in a Special Revenue Fund after determining the appropriate balances for nonspendable fund balance, restricted fund balance, and committed fund balance.

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Definitions:

ATC

Average Total Cost, which is the sum of all production costs divided by the quantity of output produced.

Economic Profits

Profits exceeding the opportunity costs of a company; considered an indicator of efficiency and entrepreneurship.

Average Total Cost

The total cost of production divided by the total quantity of goods produced, representing the cost per unit.

Average Variable Cost

The cost of labor and materials divided by the quantity of output produced, reflecting costs that change with the level of output.