Question 9. Question : The main objective(s) of internal
accounting controls is/are:
Student Answer:
To increase customer satisfaction.
To increase revenue.
To prevent or detect errors and fraudulent acts.
To facilitate new product lines.
UNIT 1 QUIZ
Question 10. Question : Prime cost and conversion cost share
what common element of
total cost?
Student Answer:
Direct labor.
Direct materials.
Variable overhead.
Fixed overhead.