Which of the Following Is a Batch Control Total That

question 98

Multiple Choice

Which of the following is a batch control total that represents the minimum level of control for input completeness?

• A) dollar totals
• B) document/record counts
• C) hash totals
• D) item counts

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Definitions:

Budget Variance

The difference between the budgeted amount of expense or revenue, and the actual amount of expense or revenue incurred.

Volume Variance

The difference between the budgeted fixed overhead and the applied fixed overhead, which is usually driven by a difference in actual production volume and the expected production volume.

Materials Price Variance

The variance between the real expense of materials and their anticipated (standard) price.

Raw Material

The basic substances or components that are processed or used in the manufacturing of goods.