Which of the Following Would Be Entered as a Credit

question 15

Multiple Choice

Which of the following would be entered as a credit in the financial account of the United States?

• A)Purchase of U.S.Treasury bonds by Americans
• B)Purchase of U.S.Treasury bonds by foreigners
• C)Purchase of U.S.made cars by foreigners
• D)U.S.income from tourism
• E)Purchase of foreign stocks by U.S.investors

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Definitions:

Manufacturing Overhead

The indirect factory-related costs that are incurred when a product is manufactured, including costs such as maintenance, utilities, and equipment depreciation.

Predetermined Overhead Rate

An estimated rate used to assign overhead costs to products or job orders, based on a selected activity base.

Direct Labor-Hours

The total number of labor hours spent on producing a single unit of a product or service.

Fixed Manufacturing Overhead

Costs that do not vary with production volume, such as rent, salaries of permanent staff, and depreciation of factory equipment.