All of the following are internal control procedures that should be in place in the conversion cycle except

a. calculation and analysis of direct material and direct labor variances
b. retention of excess materials by work centers
c. physical count of inventory items on hand
d. limited access to raw material and finished goods inventories


B

Business

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Answer the following statement true (T) or false (F)

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Indicate whether the statement is true or false

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a. 20 to 40 b. 30 to 50 c. 40 to 60 d. 60 to 80 e. 100

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Fill in the blank(s) with correct word

Business