Which of the Following Is an Example of Restrictive Endorsements

question 84

Multiple Choice

Which of the following is an example of restrictive endorsements recognized under Article 3?

• A)"Pay to Bruce Zucker in Trust for Jay Zucker."
• B)"Pay to Bruce Zucker Only."
• C)"Pay to Jay Zucker on the condition that he completes construction on my house by November 1,2012."
• D)"Pay to the order of my account."

---

Definitions:

Fixed Manufacturing Overhead

Consists of manufacturing costs that do not vary with the level of production, such as salaries of supervisors and rent of the factory.

Predetermined Overhead Rate

An estimated overhead rate used to assign expected overhead costs to individual units of production, aiding in budgeting and cost control.

Fixed Manufacturing Expenses

Costs that do not vary with the level of production, such as rent, salaries, and equipment depreciation.

Selling and Administrative Expenses

Expenses related to the sale of products or services and the general administration of a business, excluding production costs.