As Cash Processing Systems Become More Automated and Integrated,which of the Following

question 79

Multiple Choice

As cash processing systems become more automated and integrated,which of the following is true about the general concept of segregation of duties?

• A)Segregation of duties becomes less important.
• B)Segregation of duties becomes more important.
• C)The importance of segregation of duties does not change.
• D)Segregation of duties becomes completely computerized without human involvement.

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Definitions:

Manufacturing Overhead

All indirect costs related to the manufacturing process, including costs for utilities, rent, and maintenance, that are not directly tied to production.

Predetermined Overhead Rate

A rate used to allocate manufacturing overhead costs to products or job orders, calculated by dividing estimated overhead costs by an allocation base.

Machine-Hours

A measure of production time, representing the hours a machine is operated within a given period.

Direct Labor-Hours

A metric for quantifying the manual work done by employees on the production floor, correlating with the labor costs of manufacturing.