Data for a Factory -
What Is the Cost Per Factory Hour

A)£4

question 38

Multiple Choice

Data for a factory
$\begin{array}{ll}\text { Total factory cost } & £ 10,000 \\\text { Total time au ailable on key resource (hours) } & 2,500 \\\text { Contribution per unit product A } & £ 34.00 \\\text { Contribution per unit product B } & £ 30.00 \\\text { Contribution per unit product C } & £ 22.00 \\\text { Contribution per unit product D } & £ 20.00 \\\text { Hours required product A } & 12.0 \\\text { Hours required product B } & 6.0 \\\text { Hours required product C } & 6.0 \\\text { Hours required product D } & 8.0\end{array}$

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What is the cost per factory hour

• A)£4.0
• B)£2.5
• C)£5.0
• D)£40.0

Explain the consequences of errors in adjusting entries on the balance sheet and income statement.

Perform vertical analysis on financial statements to identify trends and indicate financial health.

Identify the correct account to debit and credit for various adjusting entries.

Explain the purposes and mechanisms of adjusted trial balances.

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Definitions:

Net Monetary Assets

The difference between monetary assets and monetary liabilities, used to assess liquidity position.

Exchange Gain

The profit realized from the sale of securities or foreign exchange transactions when the exchange rate moves in a favorable direction.

Functional Currency

The primary currency used by a business or unit in its financial transactions, reflecting the economic environment in which it primarily operates.

Foreign Subsidiary

A company that is owned or controlled by another company (parent company) and is located in a different country.