The Gross Increases in Retained Earnings Attributable to Business Activities

question 95

Multiple Choice

The gross increases in retained earnings attributable to business activities are called

• A) assets
• B) liabilities
• C) revenues
• D) expenses

---

Definitions:

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead to products or job orders based on a certain activity base.

Machine-Hours

A measure of the amount of time a machine is operated within a specific period, often used for allocating machine costs to products.

Direct Labor-Hours

Total labor hours of workers directly engaged in the production line.

Forming

A manufacturing process that involves shaping material into a specific configuration.