What internal control procedures would best prevent or detect the following problems? 1.The "rush-order" tag on a partially completed production job became detached from the materials and lost, resulting in a costly delay. 2. A production worker entering job-time data on an online terminal mistakenly entered 3,000 instead of 300 in the "quantity-completed" field. 3. A production worker entering job-time data on an online terminal mistakenly posted the completion of operation 562 to production order 7569 instead of production order 7596. 4.The quantity-on-hand balance for a key component shows a negative balance.
What internal control procedures would best prevent or detect the following problems? 1.The "rush-order" tag on a partially completed production job became detached from the materials and lost, resulting in a costly delay. 2. A production worker entering job-time data on an online terminal mistakenly entered 3,000 instead of 300 in the "quantity-completed" field. 3. A production worker entering job-time data on an online terminal mistakenly posted the completion of operation 562 to production order 7569 instead of production order 7596. 4.The quantity-on-hand balance for a key component shows a negative balance.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7A: Internal Controls
Section: Chapter Questions
Problem 4SPB
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What internal control procedures would best prevent or detect the following problems? 1.The "rush-order" tag on a partially completed production job became detached from the materials and lost, resulting in a costly delay. 2. A production worker entering job-time data on an online terminal mistakenly entered 3,000 instead of 300 in the "quantity-completed" field. 3. A production worker entering job-time data on an online terminal mistakenly posted the completion of operation 562 to production order 7569 instead of production order 7596. 4.The quantity-on-hand balance for a key component shows a negative balance.
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