At Radiant,Inc

question 82

Multiple Choice

At Radiant,Inc. ,the sales department is also responsible for recording cash transactions as it does not have a separate accounting department.
In the above situation,which internal control procedure needs strengthening?

• A)assignment of responsibilities
• B)competent,reliable,and ethical personnel
• C)separation of duties
• D)documents

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Definitions:

Total Cost

The sum of all costs associated with the production and delivery of a company's products or services, including both fixed and variable costs.

Manufacture Units

The process of converting raw materials into finished goods on a large scale, measured by units produced.

Least-squares Regression

A statistical method used to determine the line of best fit by minimizing the square of the differences between observed values and values predicted by a linear function.

Cost Formula

An equation used to calculate the total cost, combining both fixed and variable costs, often used in cost accounting.