Which of the Following Assertions Address Account Balances at the Period

question 29

Multiple Choice

Which of the following assertions address account balances at the period end:

• A) completeness.
• B) right and obligations.
• C) existence.
• D) All of the above.

---

Definitions:

Direct Materials

Raw materials that can be directly attributed to the production of goods.

Variable Manufacturing Overhead

Costs that fluctuate with production volume, such as raw materials and direct labor.

Direct Labour Hours

The overall work hours of staff directly engaged in creating products.

Variable Manufacturing Overhead

The portion of variable overhead that is directly associated with the manufacturing process, such as indirect materials or supplies.