Examlex
For each of the following activities identify an appropriate activity-cost driver.
a.machine maintenance
b.machine setup
c.quality control
d.material ordering
e.production scheduling
f.warehouse expense
g.engineering design
Petty Cash
A small amount of cash on hand used for covering minor expenses.
Deducted
To subtract an amount from a total, often related to expenses or taxable income.
Bank
A financial institution licensed to receive deposits and make loans, in addition to offering various other financial services.
Electronic Funds Transfer
A digital transaction method where money is transferred from one account to another without the physical exchange of cash.
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