Which of the Following Internal Control Activities Could Best Prevent

question 48

Multiple Choice

Which of the following internal control activities could best prevent direct labor from being charged to manufacturing overhead?

• A)Reconciliation of work in process inventory with cost records.
• B)Comparison of daily journal entries with the factory labor summary.
• C)Comparison of period costs budgets and time sheets.
• D)Reconciliation of the unfinished job summary and production cost records.

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Definitions:

Foreign Investment

Investment by individuals, companies, or governments in assets or businesses located in another country.

Swiss Francs

The currency of Switzerland, known for its strength and stability.

Exchange Rate

The price at which one currency can be exchanged for another, affecting international trade and economics.

Imported Swiss Box Of Chocolates

A product category involving chocolates that have been produced in Switzerland and then imported into another country.