The Human Resources Payroll Cycle Interfaces with the Cost Accounting

question 22

Multiple Choice

The human resources payroll cycle interfaces with the cost accounting system by:

• A) classifying costs as either product or period.
• B) use of job time tickets to reduce payroll expense and increase WIP.
• C) use of time sheets to bill clients.
• D) Both a and d.

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Definitions:

Budgets

Financial plans that estimate revenue and expenditures over a specific time period.

Potential Bottlenecks

Points in the production process that can cause delays due to limited capacity or resources, impacting overall productivity.

Cash Collections

The total amount of money received from customers over a period, including payments for goods or services sold.

Schedule Of Cash Collections

A detailed plan that shows when a company expects to receive cash from accounts receivable or other revenue sources.