Which of the Following Is an Example of a Data

question 80

Multiple Choice

Which of the following is an example of a data entry input edit that could be used to improve the accuracy of online data entry of sales orders?

• A)matching of customer number to master file
• B)automatic posting of sales to the general ledger account
• C)reconciliation of the customer master file to accounts receivable
• D)daily point-of-sales control totals matched to cash receipts

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Definitions:

Conversion Costs

Costs incurred to convert raw materials into finished products, including labor and overhead expenses.

Process Costing

A costing method used for homogeneous products that are produced in a continuous process, allocating costs to units of product based on the processes they undergo.

Weighted-Average Method

This method computes the cost of goods sold and the value of ending inventory by taking the mean cost of every unit available for sale throughout the period.

Cost Reconciliation

The process of analyzing and adjusting differences between actual costs and standard or budgeted costs.