Excel Problem Enter the data below into a spreadsheet, and then perform the following tasks: EMPLOYEE NUMBER

Question:

Excel Problem Enter the data below into a spreadsheet, and then perform the following tasks:

EMPLOYEE NUMBER PAY RATE HOURS WORKED GROSS PAY DEDUCTIONS NET PAY 12355 10.55 38 400.90 125.00 275.90 2178g 11.00 40 440.00 395.00 45.00 24456 95.00 90 8,550.00 145.00 8,405.00 34567 10.00 40 400.00 105.00 505.00

a. Calculate examples of these batch totals:

• A hash total

• A financial total

• A record count

b. Assume the following rules govern normal data:

• Employee numbers are five digits in length and range from 10000 through 99999.

• Maximum pay rate is $25, and minimum is $9.

• Hours worked should never exceed 40.

• Deductions should never exceed 40% of gross pay.

Give a specific example of an error or probable error in the data set that each of the following controls would detect:
• Field check • Limit check • Reasonableness test • Cross-footing balance test

c. Create a control procedure that would prevent, or at least detect, each of the errors in the data set.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Accounting Information Systems

ISBN: 9781292220086

14th Global Edition

Authors: Marshall B. Romney, Paul John Steinbart

Question Posted: