When Testing a Company's Cost Accounting System, the Auditor Uses

question 8

Multiple Choice

When testing a company's cost accounting system, the auditor uses procedures that are primarily designed to determine that

• A)quantities on hand have been computed based on acceptable cost accounting techniques that reasonably approximate actual quantities on hand.
• B)physical inventories agree substantially with book inventories.
• C)the system is in accordance with generally accepted accounting principles and is functioning as planned.
• D)costs have been properly assigned to finished goods, work-in-process, and cost of goods sold.

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Definitions:

Gross Motor Development

relates to the improvement of physical abilities that involve large muscle groups, such as crawling, walking, and jumping.

Social Signals

Nonverbal cues or behaviors that convey information or intentions in social interactions.

Upright Posture

The ability to maintain a vertical alignment of the body with minimal support, commonly associated with human bipedalism.

Fine Motor Skills

Skills that involve the small muscles of the body to perform tasks like writing, tying shoelaces, and using tools precision.