An Accountant Who Works for a Single Business or Government

question 69

Multiple Choice

An accountant who works for a single business or government agency is referred to as a

• A) public accountant.
• B) private accountant.
• C) certified accountant.
• D) commission accountant.

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Definitions:

Manufacturing Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and salaries of support staff.

Machine-Hours

A measure of production output or activity based on the number of hours machines are operated.

Predetermined Overhead Rate

An estimated rate used to allocate manufacturing overhead costs to products based on a certain activity, such as labor hours or machine hours.

Machine-Hours

A measure of the amount of time that a machine is operating, used as a basis for allocating manufacturing overhead costs.