Payroll Distribution

question 40

Essay

payroll distribution.For each responsibility,identify the type of duty or duties (authorization,custody,record-keeping,periodic reconciliation)associated with the function and briefly describe the activity involved.

---

Definitions:

ABC

A method of identifying and assigning costs to specific activities to improve cost accuracy and managerial decision-making.

Special Materials

Materials that are uncommon, difficult to procure, or used in specialized applications.

Activity-Based Costing

An accounting method that assigns costs to products and services based on the resources they consume and the activities they require.