5 When an auditor tests an entity's cost accounting system, the auditor's tests are primarily designed to determine that a quantities on hand have been computed based on acceptable cost accounting techniques that reasonably approximate actual quantities on hand b physical inventories are in substantial agreement with book inventories c system is in accordance with generally accepted accounting principles and is functioning as planned d costs have been properly assigned to work in process, finished goods, and cost of goods sold 5 When an auditor tests an entity's cost accounting system, the auditor's tests are primarily designed to determine that a quantities on hand have been computed based on acceptable cost accounting techniques that reasonably approximate actual quantities on hand b physical inventories are in substantial agreement with book inventories c system is in accordance with generally accepted accounting principles and is functioning as planned d costs have been properly assigned to work in process, finished goods, and cost of goods sold 5 When an auditor tests an entity's cost accounting system, the auditor's tests are primarily designed to determine that a quantities on hand have been computed based on acceptable cost accounting techniques that reasonably approximate actual quantities on hand b physical inventories are in substantial agreement with book inventories c system is in accordance with generally accepted accounting principles and is functioning as planned d costs have been properly assigned to work in process, finished goods, and cost of goods sold

The Answer is in the image, click to view ...

Question: 5 . When an auditor tests an entity's cost accounting system, the auditor's tests are primarily designed to determine that: a . quantities on hand

5 .

When an auditor tests an entity's cost accounting system, the auditor's tests are primarily designed to determine that:

.

quantities on hand have been computed based on acceptable cost accounting techniques that reasonably approximate actual quantities on hand.

.

physical inventories are in substantial agreement with book inventories.

.

system is in accordance with generally accepted accounting principles and is functioning as planned.

.

costs have been properly assigned to work in process, finished goods, and cost of goods sold.

5 .

When an auditor tests an entity's cost accounting system, the auditor's tests are primarily designed to determine that:

.

quantities on hand have been computed based on acceptable cost accounting techniques that reasonably approximate actual quantities on hand.

.

physical inventories are in substantial agreement with book inventories.

.

system is in accordance with generally accepted accounting principles and is functioning as planned.

.

costs have been properly assigned to work in process, finished goods, and cost of goods sold.

5 .

When an auditor tests an entity's cost accounting system, the auditor's tests are primarily designed to determine that:

.

quantities on hand have been computed based on acceptable cost accounting techniques that reasonably approximate actual quantities on hand.

.

physical inventories are in substantial agreement with book inventories.

.

system is in accordance with generally accepted accounting principles and is functioning as planned.

.

costs have been properly assigned to work in process, finished goods, and cost of goods sold.

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock