Financing Activities_____

question 61

Multiple Choice

Financing activities_____ .

• A) involve obtaining funds to operate a business
• B) involve obtaining assets such as buildings and equipment
• C) help to earn revenues and profits
• D) help to make wise investments in other companies

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Definitions:

Applied Overhead

Applied overhead refers to the estimated amount of overhead costs allocated to particular cost objects based on a predetermined rate, used to assign indirect costs to products or services.

Variance Measured

The process of determining the difference between expected and actual performance, costs, or revenues for the purpose of financial analysis and control.

Variable Overhead

Overhead costs that fluctuate with the level of production output, such as utilities for machinery or costs for raw materials.

Direct Labour Hour

A measure of the amount of time a worker spends on direct production activities.