The Manager Responsible for the Accounting Information Concerning Cash Flows

question 52

Multiple Choice

The manager responsible for the accounting information concerning cash flows is the:

• A) controller.
• B) payables manager.
• C) credit manager.
• D) purchasing manager.
• E) production manager.

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Definitions:

Machine-hours

A measure of the amount of time a machine is operated, used in calculating manufacturing costs and allocating expenses based on machine usage.

Overapplied Overhead

A situation where the allocated or applied manufacturing overhead cost is more than the actual manufacturing overhead cost incurred.

Underapplied Manufacturing Overhead

A situation where the actual manufacturing overhead costs exceed the overhead allocated to products.

Overapplied Manufacturing Overhead

A situation where the allocated manufacturing overhead costs exceed the actual overhead costs incurred by a company.