Which of the Following Accounts Properly Would Not Appear in the Operating

question 7

Multiple Choice

Which of the following accounts properly would not appear in the operating statement of a proprietary-type fund?

• A)transfer in from the general fund
• B)depreciation expense
• C)expenditures--capital outlay
• D)revenues--charges for services

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Definitions:

Standard Labor Hours

The anticipated amount of time required to produce a unit of output under normal conditions, used in budgeting and variance analysis.

Direct Labor Time Variance

The difference between the actual hours worked and the standard hours expected, multiplied by the standard labor rate.

Actual Costs

The real costs incurred corresponding to specific operations or transactions, as opposed to estimated or budgeted costs.

Standard Costs

Predetermined costs for the production of goods or services, used as a benchmark to measure actual performance and efficiency of operations.