A Firm's Sources of Financing,which Usually Consists of Debt and Equity,represent

question 35

Multiple Choice

A firm's sources of financing,which usually consists of debt and equity,represent its:

• A)total assets.
• B)capital.
• C)total liabilities.
• D)current liabilities.
• E)current assets.

---

Definitions:

Direct Labor-Hours

The total hours worked by employees that are directly involved in the manufacturing process or providing a service, used in costing and operational efficiency analyses.

Direct Material

Primary raw materials directly incorporated into a finished product, an essential component in calculating the cost of goods sold.

Work in Process

Inventory that includes partially finished goods which are still in the production process.

Direct Materials Variances

The difference between the actual cost of direct materials used in production and the standard cost of those materials.