In Computing ROTI, Which of the Following Would Not Be

question 84

Multiple Choice

In computing ROTI, which of the following would not be considered a training cost?

• A) Trainer 's travel and living expenses
• B) Employee turnover
• C) Computer purchased solely for the training
• D) Participants' time away from their jobs

Master the categorization of accounts and understand their normal balances, reporting in financial statements, and nature (permanent/temporary).

Understand different categories of accounts in accounting.

Identify the normal balance for various accounts.

Recognize which financial statement reports specific account balances.

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Definitions:

Budget

An estimate of income and expenditure for a set period of time, guiding financial planning and performance evaluation.

Contribution Margin

The revenue remaining after variable costs are subtracted, indicating how much revenue contributes to fixed costs and profit.

Costs Incurred

Expenses that a company has recognized or spent, regardless of when payment is made.

Units Started

The number of items that have begun the manufacturing process but may not yet be completed.