Float Is Defined as The

question 44

Multiple Choice

Float is defined as the:

• A)amount of cash a firm can immediately withdraw from its bank account.
• B)difference between book cash and bank cash.
• C)change in a firm's cash balance from one accounting period to the next.
• D)amount of cash a firm has on hand.
• E)cash balance according to a firm's records.

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Definitions:

Overhead Costs

General business expenses that are not directly attributable to a specific product or service but are necessary for the business to operate.

Direct Labor-hours

The total hours worked by employees directly involved in the manufacturing process, used in assigning costs to products.

Activity-based Costing

A costing method that assigns overhead and indirect costs to specific activities, providing more accurate product costing.

Activity Cost Pools

Aggregations of all the costs associated with particular activities, used in activity-based costing to allocate costs more accurately.