ACP AUDITING - RISK BASED APPROACH
ACP AUDITING - RISK BASED APPROACH
10th Edition
ISBN: 9780357195079
Author: JOHNSTONE
Publisher: CENGAGE C
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Chapter 7, Problem 46RSCQ
To determine

Introduction: Risk assessment procedure is a way to identify the quantum of risk, the level of material misstatement. It a way to analyze the severity of the risk.

To find:Factors that would lead to assess control risk at a higher level.

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A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per unit is $20.00. What would the price be if the company expected a volume of 120,000 units and used a markup of50%?
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Standard quantity.
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