AUDITING+ASSURANCE 12MONTH ACCESS CARD
AUDITING+ASSURANCE 12MONTH ACCESS CARD
17th Edition
ISBN: 9780135635131
Author: ARENS
Publisher: WILEY
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Chapter 15, Problem 25.1MCQ
To determine

Explain advantage of statistical sampling over non-statistical sampling is that statistical sampling helps an auditor:

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Galbraith Corporation applies overhead cost to jobs on the basis of 70% of direct labor cost. If Job 201 shows $28,000 of manufacturing overhead applied, the direct labor cost on the job was: a. $40,000. b. $19,600. c. $28,000. d. $36,400.
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