7-8 Control Activities  Performance reviews  Transaction control activities  Physical controls  Segregation of duties  Segregate authorization, recording, and custody of assets ©McGraw-Hill Education. 7-9 Segregation of Duties Figure 7.2 ©McGraw

9-19 (20–30 min.) Throughput costing (continuation of Exercise 9-18). The variable manufacturing costs per unit of Crystal Clear Corporation are as follows: Required: 1. Prepare income statements for Crystal Clear in January, February, and March 2014

8-21 (10  15 min.) 4-variance analysis, fill in the blanks. Rozema, Inc., produces chemicals for large biotech companies. It has the following data for manufacturing overhead costs during August 2015: Use F for favorable and U for unfavorable: SOLUT

Cost Accounng Peanut-Buer Cosng – broadly averages or spreads the cost of resources uniformly to cost objects (such as products or services) when, in fact, the individual products or services used those resources in nonuniform way Averaging can re

10 Copyright © 2015. John Wiley & Sons, Inc. All rights reserved. 2013 COSO Report • Supercedes 1992 COSO Report • Added to Five Components of Internal Control – Improve governance – Use framework beyond financial reporting – Improve quality of risk