The Increase in Unrestricted Net Assets in 2016 as a Result

question 25

Multiple Choice

The increase in unrestricted net assets in 2016 as a result of the fund-raising drive is

• A) $1,200,000.
• B) $1,050,000.
• C) $800,000.
• D) $250,000.

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Definitions:

Direct Labor Cost

The wages and salaries paid to employees who are directly involved in producing goods or providing services.

Total Manufacturing Costs

The sum of all costs directly involved in producing a product, including raw materials, labor, and manufacturing overhead.

Manufacturing Overhead

Costs incurred in the manufacturing process that are not directly tied to a specific product, including indirect materials, indirect labor, and other factory-related expenses.

Work In Process Inventory

An accounting inventory category that refers to partially completed goods still in the production process.