Restitution and Forfeiture Both Require That Money or Property of the Defendant

question 24

Short Answer

Restitution and forfeiture both require that money or property of the defendant be given to someone else,but they differ in that restitution go to the victim,whereas forfeiture goes to the________ _ .

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Definitions:

Work in Process

A term referring to items and materials that are being transformed into finished products but are not yet complete.

Variable Overhead

Variable overhead costs are those expenses that fluctuate with production volume, such as utilities or materials.

Fixed Overhead

Regular, unchanged costs associated with operating a business that do not fluctuate with production levels.

Direct Labor Rate Variances

This term refers to the difference between the actual cost of direct labor and the expected (or standard) cost, used in manufacturing and budgeting.