Which of the Following Would Not Be Used in Computing

question 91

Multiple Choice

Which of the following would not be used in computing diluted earnings per share?

• A)Preferred stock
• B)Convertible bonds
• C)Stock options
• D)Weighted-average number of shares of common stock outstanding during the year

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Definitions:

Standard Hours

The predetermined amount of time expected to complete a task or produce a unit of product under normal conditions.

Actual Output

The real quantity of goods or services produced by a company during a specific period.

Labor Efficiency Variance

A measure in managerial accounting that compares the actual hours worked to the standard hours planned for a process, indicating efficiency in labor usage.

Labor Rate Variance

The difference between the actual labor costs incurred and the expected (or standard) labor costs for the production achieved.