Which of the Following Is Not Part of Working Capital

question 31

Multiple Choice

Which of the following is not part of working capital?

• A)Accumulated depreciation
• B)Accounts Payable
• C)Accounts Receivable
• D)Inventory

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Definitions:

Labor Rate Variance

The difference between the actual labor cost incurred and the labor cost that was expected or budgeted, typically due to wage rate differences.

Labor Standards

Benchmarks for the amount of labor time required to perform specific tasks, used for budgeting, scheduling, and performance evaluation.

Last Month Data

Information or statistics pertaining to the previous month, often used in analysis and decision-making processes.

Labor Rate Variance

The difference between the actual cost of labor and the expected (or budgeted) cost.