The Expired Cost of a Depreciable Asset Is Referred to As

question 34

Multiple Choice

The expired cost of a depreciable asset is referred to as:

• A) residual value.
• B) carrying value.
• C) accumulated depreciation.
• D) depreciable cost.

---

Definitions:

Direct Labor-Hours

The total amount of labor time directly involved in manufacturing a product or delivering a service, often used as a basis for allocating overhead costs.

Variable Manufacturing Overhead

Overhead costs that fluctuate directly with the volume of production output, such as utilities and indirect materials.

Raw Materials

The basic, unprocessed inputs used in manufacturing to produce goods and finished products.

Price Variance

The difference between the actual cost and the standard or expected cost of an item or service.