ACP AUDITING - RISK BASED APPROACH
ACP AUDITING - RISK BASED APPROACH
10th Edition
ISBN: 9780357195079
Author: JOHNSTONE
Publisher: CENGAGE C
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Chapter 4, Problem 40RSCQ
To determine

Introduction: Unqualified opining of an auditor means that the auditor has concluded that the financial statements of the company’s operations are fairly presented along with compliance of GAAP.

: The concept under which creditor, who gave loan to the auditor’s client, may recover the losses from the auditor.

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What is the budgeted total cost of direct materials purchases?
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During September, the assembly department completed 10,500 units of a product that had a standard materials cost of 3.0 square feet per unit at $2.40 per square foot. The actual materials purchased consisted of 22,000 square feet at $2.60 per square foot, for a total cost of $57,200. The actual material used during this period was 25,500 square feet. Compute the materials price variance and materials usage variance.

Chapter 4 Solutions

ACP AUDITING - RISK BASED APPROACH

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