C6 SIA

Time cards are used by cost accounting to allocate direct labor charges to work in process.

• True

• False

The human resources department authorizes changes in employee pay rates.

• True

• False

Most payroll systems for mid-size firms do not use real-time data processing.

• True

• False

To improve internal control, paychecks should not be distributed by the employee's supervisor.

• True

• False

Employee paychecks should not be drawn against a special checking account.

• True

• False

Because a time clock is used, no supervision is required when employees enter and leave the work place.

• True

• False

Inventory control performs the formal record keeping function for fixed assets.

• True

• False

The depreciation schedule shows when assets are partially depreciated.

• True

• False

Authorization to dispose of fixed assets should be issued by the user of the asset.

• True

• False

Work-in-process records are not updated by payroll personnel.

• True

• False