Which of the Following Statements Provide(s)an Argument in Favor of Including

question 85

Multiple Choice

Which of the following statements provide(s) an argument in favor of including only a plant's net book value rather than gross book value as part of operating assets in the ROI computation?
I.Net book value is consistent with how plant and equipment items are reported on a balance sheet.
II.Net book value is consistent with the computation of net operating income,which includes depreciation as an operating expense.
III.Net book value allows ROI to decrease over time as assets get older.

• A)Only I.
• B)Only III.
• C)Only I and II.
• D)Only I and III.

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Definitions:

Labor Efficiency Variance

The deviation between the actual hours taken to produce a unit of output and the standard hours expected, multiplied by the standard labor rate.

Materials Price Variance

The difference between the actual cost of direct materials and the expected cost at standard prices.

Materials Quantity Variance

The difference between the actual amount of materials used in production and the standard amount expected, multiplied by the standard cost per unit.

Materials Price Variance

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