If a Cash Register Tape Totalled $18,600 and the Cash

question 76

Multiple Choice

If a cash register tape totalled $18,600 and the cash received was $18,570, the entry to Sales Revenue would be:

• A)$18,570.
• B)$18,630.
• C)$18,600.
• D)$18,540.

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Definitions:

Direct Labor Hour

A measure of the amount of time an employee spends producing goods or services, directly associated with the product's cost.

Normal Capacity

Represents the average production level expected over a specific period under normal operating conditions.

Fiscal Year

The annual accounting period adopted by a business.

Standard Costs

Estimated or predetermined costs of manufacturing a product or providing a service, used as benchmarks to measure actual performance.