Question: The objectives of internal control for a production cycle are to provide assurance that transactions are properly executed and recorded, and that a. Production orders

The objectives of internal control for a production cycle are to provide assurance that transactions are properly executed and recorded, and that

a. Production orders are prenumbered and signed by a supervisor.

b. Custody of work in process and of finished goods is properly maintained.

c. Independent internal verification of activity reports is established.

d. Transfers to finished goods are documented by a completed production report and a quality control report.

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