EBK AUDITING+ASSURANCE SERVICES
17th Edition
ISBN: 9780135171219
Author: ARENS
Publisher: PEARSON CO
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Chapter 2, Problem 9RQ
To determine
Discuss the criticism of auditing standards.
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Sunland Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for
the first month of the new fiscal year.
Other data:
1.
2.
3.
4.
On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of
$9,165 and combined direct labor costs of $14,100. Overhead was applied at a rate that was 75% of direct labor cost.
During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had
charges for direct materials $3,572 and direct labor $4,512, plus manufacturing overhead. All jobs, except for Job No. 158,
were completed in December.
On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $4,700. On December 31, Job No. 157
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Manufacturing overhead was $1,386 underapplied in December.
List the letters (a) through (m) and indicate…
Chapter 2 Solutions
EBK AUDITING+ASSURANCE SERVICES
Ch. 2 - Prob. 1RQCh. 2 - Prob. 2RQCh. 2 - Prob. 3RQCh. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Prob. 8RQCh. 2 - Prob. 9RQCh. 2 - Prob. 10RQ
Ch. 2 - Prob. 11RQCh. 2 - State what is meant by the term peer review. What...Ch. 2 - Prob. 13.1MCQCh. 2 - Prob. 13.2MCQCh. 2 - Prob. 13.3MCQCh. 2 - Prob. 14.1MCQCh. 2 - Prob. 14.2MCQCh. 2 - Prob. 14.3MCQCh. 2 - Prob. 15.1MCQCh. 2 - Prob. 15.2MCQCh. 2 - Prob. 15.3MCQCh. 2 - Prob. 16DQPCh. 2 - Prob. 17DQP
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