Which of the Following Can Be Added to Profit to Obtain

question 131

Multiple Choice

Which of the following can be added to profit to obtain total revenue?

• A)net profit
• B)capital profit
• C)operational profit
• D)total cost

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Definitions:

Bottling Department

A segment in a manufacturing or production facility specifically designed for the packaging of liquid products into bottles.

Equivalent Units

A concept in cost accounting used to measure the amount of work done on partially completed goods, expressed in terms of fully completed units.

Conversion Costs

The sum of labor and overhead costs incurred to convert raw materials into finished goods.

Equivalent Units of Production

A concept in cost accounting to standardize the amount of work done by various classes of inventory, facilitating comparisons and calculations.