A Check Drawn by a Credit Union on Its Account

question 50

Multiple Choice

A check drawn by a credit union on its account at a bank is an example of a _____ check:

• A) personal
• B) teller's
• C) certified
• D) stale

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Definitions:

Variable Overhead

Overhead costs that vary directly with the level of production or activity, such as electricity or material handling costs.

Direct Material

Raw materials that can be directly traced to the production of a specific product and are a significant component of its cost.

Variable Overhead

Costs of overhead that vary directly with the level of production, such as utilities or indirect materials.

Power Cost

The expense associated with the consumption of electrical energy by a company's operations.