Question
18.Which of the following initiates the creation of a work-in-process record in a work-in-process file or subsidiary ledger in cost accounting? a production schedule a
18.Which of the following initiates the creation of a work-in-process record in a work-in-process file or subsidiary ledger in cost accounting?
a production schedule
a work order
a move ticket
a materials requisition
19.To minimize the likelihood of inaccurate cost data in the cost accounting department, which of the following control procedures would not likely be useful?
using barcode scanners
comparing production standards to actual costs
verifying data input
comparing actual costs to product prices
20.Which of the following records is most likely used to indicate that a work order should be closed?
a bill of materials
a move ticket
a route sheet
a materials requisition
21.Which of the following is not a control procedure related to the development of the production schedule?
requiring the production schedule to be prenumbered
requiring the production schedule to be reviewed and approved by someone outside of production planning
requiring the use of a sales forecast to assist in planning
requiring proper estimations of factory overhead rates based on past experience and projections
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started