Which of the Following Is Not a Control Account

question 165

Multiple Choice

Which of the following is not a control account?

• A) Raw Materials Inventory
• B) Factory Labor
• C) Manufacturing Overhead
• D) All of these are control accounts.

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Definitions:

Average Cost

The total cost of production divided by the quantity produced, indicating the cost of producing each unit of output.

Equilibrium Population

It is the size of a population at which the number of births equals the number of deaths, resulting in a stable population level over time.

Production Function

An equation that describes the maximum output achievable with a given set of inputs or resources.

Factor Price

The price paid for the use of a factor of production such as labor, capital, or land.