Which of the Following Appears on an Adjusted Trial Balance

question 34

Multiple Choice

Which of the following appears on an adjusted trial balance?

• A)The ending balance of Retained Earnings
• B)Dividends
• C)Gross profit
• D)Net income

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Definitions:

Labor Rate Variance

The difference between the actual hourly wage paid to workers and the expected (or standard) wage.

Direct Labor Standard

A benchmark for the amount of labor time that should be consumed in the production of a good or service, used for costing and efficiency analysis.

Labor Rate Variance

The financial difference between the actual cost of labor and the budgeted (or standard) cost of labor, influenced by the wage rates paid and the amount of labor hours used.

Labor Standards

Benchmarks or norms established for the amount of labor required to perform a task efficiently, often used to set production targets and labor budgets.