A Work Center Had Planned Outputs of 10,15,13,and 20 Hours

question 100

Multiple Choice

A work center had planned outputs of 10,15,13,and 20 hours with actual outputs of 12,14,13,and 18 hours.What is the cumulative deviation in output?

• A)0
• B)1
• C)-1
• D)58
• E)Unable to determine with the given information

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenue, indicating its financial health over a specific period.

Lower-of-Cost-Or-Market

An accounting principle that dictates inventory should be recorded at either its historical cost or its current market price, whichever is lower.

Net Income

The amount of money that remains from revenues after all expenses, taxes, and costs have been subtracted; a crucial indicator of a company's profitability.

Ending Inventory

The value of goods available for sale at the end of an accounting period.