Which of the Following Is Not an Independent Check Within

question 18

Multiple Choice

Which of the following is not an independent check within payroll processes?

• A)Time sheets are reconciled with production records.
• B)Time sheets are reconciled with the payroll register.
• C)Paychecks are prepared on prenumbered checks.
• D)The payroll register is reconciled with the general ledger.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs – direct materials, direct labor, and both variable and fixed overhead – in the cost of a product.

Contribution Margin

A financial metric that represents the difference between a product's sales revenue and its variable costs.

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a unit of product.

Absorption Costing

A costing method that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead—in the cost of a unit of product.