1. The document that captures the total amount of time that individual workers spend on each production job is called a
a. time card.
b. job ticket.
c. personnel action form.
d. labor distribution form.
2. An important reconciliation in the payroll system is when
a. the general ledger department compares the labor distribution summary from cost accounting to the disbursement voucher from accounts payable.
b. the personnel department compares the number of employees authorized to receive a paycheck to the number of paychecks prepared.
c. the production department compares the number of hours reported on job tickets to the number of hours reported on time cards.
d. the payroll department compares the labor distribution summary to the hours reported on time cards.
3. Which internal control is not an important part of the payroll system?
a. supervisors verify the accuracy of employee time cards
b. paychecks are distributed by an independent paymaster
c. the accounts payable department verifies the accuracy of the payroll register before transferring payroll funds to the general checking account
d. the general ledger department reconciles the labor distribution summary and the payroll disbursement voucher
4. The department responsible for approving pay rate changes is
a. payroll
b. treasurer
c. personnel
d. cash disbursements
5. Which function should distribute paychecks?
a. personnel
b. timekeeping
c. paymaster
d. payroll
6. Which transaction is not processed in the fixed asset system?
a. purchase of building
b. repair of equipment
c. purchase of raw materials
d. sale of company van