11. To check the accuracy of hours worked, one would ordinarily compare time cards with: a. employee earning records b. payroll journal c. job time tickets d. personnel records
11. To check the accuracy of hours worked, one would ordinarily compare time cards with: a. employee earning records b. payroll journal c. job time tickets d. personnel records
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
10. If the 300 defective bolts(normal spoilage) were repaired and management wanted to be sure the incremental costs did not exceed the cost of producing new units, how would the rework costs be accounted for:
a. As normal materials, labor and overhead .
b. Charged to overhead and spread over the costs of all products.
c. Charged to those belts repaired.
d. Expensed as extraordinary.
11. To check the accuracy of hours worked, one would ordinarily compare time cards with:
a. employee earning records
b. payroll journal
c. job time tickets
d. personnel records
12. The document that is used to secure information as to the type of work performed is the:
a. clock card
b. labor voucher
c. time ticket
d. requisition report
13. An example of fringe benefit is:
a. the direct labor wage rate.
b. the employee health insurance.
c. withheld taxes.
d. overtime pay.
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