Auditing and Assurance Services, Student Value Edition (16th Edition)
Auditing and Assurance Services, Student Value Edition (16th Edition)
16th Edition
ISBN: 9780134075754
Author: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan
Publisher: PEARSON
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Chapter 20, Problem 24DQP
To determine

Find out those steps that are tests of controls or substantive tests of transactions and (2) those that are tests of details of balances, place steps that are tests of controls and substantive tests of transactions in the order of their performance in most audits, place the tests of details of balances in their proper order.

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If the materials price variance is $3000 F and the materials quantity and labor variances are each $2700 U, what is the total materials variance? a. $2700 U. b. $300 F. c. $3150 U. d. $3000 F.
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