The Comparison of Input to Output Is Known as Auditing

question 77

Multiple Choice

The comparison of input to output is known as auditing

• A) around-the-computer.
• B) through the computer.
• C) with the computer.
• D) without the computer.

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Definitions:

Direct Labor-Hours

Direct labor-hours are the total hours worked by employees directly involved in the production of goods or services, used for costing and operational efficiency assessment.

Predetermined Overhead Rate

calculates an estimated overhead cost per unit of activity, aiding in assigning indirect costs to products or services.

Plantwide Predetermined Overhead Rate

A single overhead rate calculated for an entire manufacturing plant, applied to all units produced irrespective of department or product differences.

Job-Order Costing System

A cost accounting system that assigns costs to specific production batches or jobs, useful for customized orders.