Mataya Is Good at Summarizing and Communicating Financial and Other

question 75

Multiple Choice

Mataya is good at summarizing and communicating financial and other information to Jesse and the other restaurant managers.Which functional area is her specialty?

• A)accounting
• B)finance
• C)marketing
• D)operations

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Definitions:

Fixed Costs

Fixed costs are business expenses that remain constant regardless of the level of production or sales activity, such as rent and salaries.

Absorption Costing

A financial accounting technique that integrates all costs incurred from manufacturing, including direct materials, direct labor, along with both fixed and variable overhead costs, into the total cost of a product.

Direct Materials

Raw materials that can be directly linked to the production of finished goods in manufacturing.

Fixed Overhead

Fixed Overhead refers to the consistent, non-variable expenses incurred by a business, regardless of its level of production or sales activities.