Which Department Tracks Strategic Financial Issues, Including Money, Banking, Credit

question 434

Multiple Choice

Which department tracks strategic financial issues, including money, banking, credit, investments, and assets?

• A)Sales.
• B)Operations Management.
• C)Accounting.
• D)Finance.

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Definitions:

Direct Labor-Hours

The total hours of labor directly involved in manufacturing a product, used in job costing and determining labor costs.

Fixed Manufacturing Overhead

The portion of manufacturing overhead costs that remains constant regardless of the level of production or sales volume.

Manufacturing Overhead Budget

An estimation of all manufacturing costs, excluding direct materials and direct labor, planned for a specific period.

Direct Labor-Hours

The cumulative hours that employees engaged in the manufacturing process have completed.