A Check Drawn by a Credit Union on Its Account

question 6

Multiple Choice

A check drawn by a credit union on its account at a bank is an example of a:

• A) personal check.
• B) teller's check.
• C) certified check.
• D) stale check.

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Definitions:

Direct Labor-Hours

Total time directly invested in the creation of a product or the provision of a service.

Variable Overhead Efficiency Variance

A measure used to evaluate the efficiency of variable overhead resources used in production relative to the standard consumption expected.

Particular Product

A specific good or service offered by a company, distinct from other offerings within its product line.

Labor Efficiency Variance

measures the difference between the actual hours worked to produce goods and the standard hours expected, multiplied by the standard labor rate.