Multiple Choice
Proper segregation of duties for the production process,says those with custody of inventories should not
A) Request new materials or complete production reports.
B) Punch time cards or fill out quality control reports
C) Authorize production,perform cost accounting recordkeeping,or prepare cost analyses.
D) Produce finished units or transfer raw materials into production
Correct Answer:

Verified
Correct Answer:
Verified
Q16: Cost accounting can be performed by those
Q17: Most of the transactions in the production
Q18: Selecting a sample of production cost reports
Q19: What is a clearing account? What are
Q20: Finished goods inventory is low in inherent
Q22: An auditor is most likely to assess
Q23: It is permissible for accounting personnel to
Q24: If controls over production accounting are found
Q25: A payroll "clearing account" is a temporary
Q26: Selecting a sample of payroll summaries and