Delays in the Movement of Money Among Depositors and Banks

question 53

Multiple Choice

Delays in the movement of money among depositors and banks is referred to as:

• A)overdraft.
• B)float.
• C)ledger balance.
• D)reconciling.

---

Definitions:

Fixed Factory Overhead

The regular, consistent costs associated with operating a factory that do not vary with production volume, such as rent, salaries, and utilities.

Variable Factory Overhead

Costs of manufacturing that fluctuate with the level of production output, such as utilities and raw materials.

Total Factory Overhead Cost Variance

The difference between the actual overhead costs incurred and the standard overhead costs previously estimated for a production process.

Standard Costs

Pre-determined or estimated costs of manufacturing a product or providing a service, used as targets or benchmarks.