Name three types of program fraud
Program fraud includes:
(1) creating illegal programs that can access data files to alter, delete, or insert values into accounting records;
(2) destroying or corrupting a program's logic using a computer virus; or
(3) altering program logic to cause the application to process data incorrectly.
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Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or RateDirect materials 3.5grams$1.00per gramDirect labor 0.7hours$11.00per hourVariable overhead 0.7hours$2.00per hourThe company reported the following results concerning this product in July. Actual output 3,000unitsRaw materials used in production 11,370gramsActual direct labor-hours 1,910hoursPurchases of raw materials 12,100gramsActual price of raw materials purchased$1.20per gramActual direct labor rate$11.40per hourActual variable overhead rate$2.10per hourThe company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased.The materials price variance for July is:
A. $2,420 F B. $2,100 F C. $2,420 U D. $2,100 U
In a standard job-order costing system, factory overhead is applied using predetermined rates times standard input
Indicate whether the statement is true or false
Work breakdown structure is a useful tool in project management because it addresses the timing of individual work elements
Indicate whether the statement is true or false
When a regular entity type contains a multivalued attribute, one must:
A) create a single relation with multiple lines for each instance of the multivalued attribute. B) create two new relations, one containing the multivalued attribute. C) create two new relations, both containing the multivalued attribute. D) delete the relation and start over.