Which of the Following Is Not a Factor in Getting

question 11

Multiple Choice

Which of the following is not a factor in getting bank and book balances to reconcile?

• A)Outstanding checks
• B)Deposits for cash
• C)Deposits in transit
• D)Bank service charges

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Definitions:

Direct Labour

The labor costs for employees directly involved in the production of goods or services.

Actual Hours

The real number of hours worked, as opposed to the planned or standard hours set for a job or task.

Materials Price Variance

The difference between the actual cost of materials purchased and the expected (or standard) cost, multiplied by the quantity of materials purchased.

Standard Quantity

The expected amount of materials or inputs required to produce a single unit of product under normal conditions.