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craze in "Dancing Widgets" for the upcoming Christmas season. You've been informed that the company needs at least one month lead time to distribute the Widgets in order to have the Widgets on retailers shelves for the Christmas season. You've been asked to breakdown the costs associated with production. Which of the following can be categorized as variable costs associated with the production? A. Insurance B. Taxes. C. Facilitates overhead D. Direct materials and labor
Hi Team,
The consulting team should strongly advise the CEO that
postponing standards and controls is not advisable. Rather
than save time and money, the company will probably lose
time in the future when unanticipated problems and
weaknesses arise due to the lack of standards and controls.
The following are reasons why performance standards and
control procedures should be established before the system
becomes operational:
· Internal control considerations must be taken into account when assigning job responsibilities.
· Job descriptions and work schedules must include the various control procedures.
· Performance standards associated with each position must be considered when selecting personnel to operate the system.
· Documentation standards and data security provisions must be formulated before the system can be operational.
· Error checks must be built into all computer software systems.
· Procedures for guiding users and operators through the system and the various error conditions must be established before the users and operators begin working with the new system.
· If the information system is not properly controlled, the information it produces will be of little value. Controls must be built into the system to ensure its effectiveness, efficiency, and accuracy.
D. Direct materials and labor -------------
