Use the Following Two Columns of Items to Answer the Matching

question 66

Short Answer

Use the following two columns of items to answer the matching questions below:
-NOW account
A)a financial institution's notice that it will not honor a check
B)an account that combines deposit accounts and a brokerage account
C)the risk that the borrower may not repay on a timely basis
D)a market where existing securities are bought and sold
E)a short-term loan from the bank to cover a cash deficiency in a checking account
F)a type of deposit that provides checking services and pays interest
G)Treasury securities with maturities of one year or less

• A)a financial institution's notice that it will not honor a check
• B)an account that combines deposit accounts and a brokerage account
• C)the risk that the borrower may not repay on a timely basis
• D)a market where existing securities are bought and sold
• E)a short-term loan from the bank to cover a cash deficiency in a checking account
• F)a type of deposit that provides checking services and pays interest
• G)Treasury securities with maturities of one year or less

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Definitions:

Direct Labor

Direct labor involves the work of employees that is directly attributable to the production of goods or provision of services, such as manufacturing labor costs.

Materials Price Variance

The deviation between the actual cost of direct materials and the standard cost, multiplied by the quantity purchased.

Variable Overhead Rate

The rate at which variable overhead costs are allocated to a unit of production, often based on direct labor hours or machine hours.

Fixed Overhead Budget

A financial plan that projects the expected fixed costs required to support the operations of a business.