Q18

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Question 3 P Flag question For good internal control, the purchasing department should not be responsible for... Select one: Authorising the acquisition of goods. Finding the lowest supplier. Designing the purchase order form. All the answers are correct.

Question 13 A debit to Materials Inventory indicates materials were O ordered and requisitioned. O purchased, received, and invoiced by the supplier. O No response is correct O put into production. O ordered.

question 34

10.Raw materials inventory shows the cost of completed goods available for sale to customers. True False

Which one of the following inventory management approaches determines the finished goods inventory level and then works backward until the raw material needs are determined? A. Just-in-time B. Extended EOQ C. Materials requirements planning D. Economic order quantity

QUESTION 17 Which of the following is an appropriate cost driver for issuance of purchase orders?     Number of set ups     Number of units     Either number of units or number of purchase orders would be appropriate     Number of purchase orders