An Employee in Charge of Counting and Depositing Cash Holdings

question 13

Multiple Choice

An employee in charge of counting and depositing cash holdings at end of the day urgently needs some extra cash to pay her son's medical bills.Using the fraud triangle, this situation likely constitutes:

• A)Motive
• B)Rationalization
• C)Opportunity
• D)(a)and (b)
• E)(a)and (c)

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Definitions:

Materials Cost Per Yard

The expense associated with acquiring raw materials needed for manufacturing, measured per yard.

Yards Per Unit

A measurement unit indicating how many yards of material are used or produced per unit of finished goods.

Units Of Production

Units of production is a depreciation method that allocates the cost of an asset over its useful life based on the number of units it produces.

Direct Materials Price Variance

The difference between the actual cost and the standard cost of the materials used in production, reflecting how effectively a company manages its purchasing costs.