As a Form of Internal Control, Fire Suppression Systems Would

question 8

Multiple Choice

As a form of internal control, fire suppression systems would most effectively address which of the following risks associated with XBRL?

• A) Hardware failure.
• B) Compromised data.
• C) Tagging errors.
• D) Software viruses.

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Definitions:

Machine-Hours

The total hours that machines are operated in the production process, used as a basis for allocating manufacturing overhead to products.

Cost Of Goods Sold

The total cost directly involved in producing goods or services sold during a specific period.

Predetermined Overhead Rate

A rate calculated before a period begins, used to apply overhead costs to products based on a certain activity such as labor hours or machine hours.

Machine-Hours

A measure of the amount of time machines are operating in the production process, often used to allocate manufacturing overhead costs.