Auditing: A Risk Based-Approach (MindTap Course List)
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
Question
Book Icon
Chapter 8, Problem 14RQSC
To determine

Introduction:The sampling method the numbers are assigned to the items or products. Random sampling selects those items in a random manner.

Requirement 1

Define the simple random sampling.

To determine

Introduction:Systematic sampling is process to select the products in random way but in a periodically manner.

Requirement 2

Define the systematic sampling.

To determine

Introduction:Here the items or samples have been selected in random order but within the sample interval.

Requirement 3

Define the systematic random sampling.

To determine

Introduction:In haphazard sampling the samples are selected in haphazard way or non-systematic manner.

Requirement 4

Define the haphazard sampling.

To determine

Introduction:When set of samples represents the block of same type of samples that sampling is called the block sampling.

Requirement 5

Define the block sampling.

Blurred answer
Students have asked these similar questions
Financial Accounting Question please answer
How much of every retail sales dollar is made up of merchandise cost on these general accounting question?
The company where Daniel works produces skateboards locally but sells them globally for $60 each. Daniel is one of the production managers in a meeting to discuss preliminary results from the year just ended. Here is the information they had in front of them: Standard Quantity per Unit Standard Price Wood 2.50 feet $4.00 per foot Wheels 5.00 wheels $0.50 per wheel Direct labor 0.30 hours $14.00 per hour Actual results: . • Quantity of wood purchased, 225,000 feet; quantity of wood used, 220,000 feet. Quantity of wheels purchased, 418,800 wheels; quantity of wheels used, 400,800 wheels. Actual cost of the wood, $4.20 per foot. Actual cost of the wheels, $0.55 per wheel. • Quantity of DL hours used, 26,400 hours; actual cost of DL hours, $15.20 per hour. Actual units produced, 80,000 skateboards. (a) Complete a variance analysis for DM (both wood and wheels) and DL, determining the price and efficiency variances for each; be sure to specify the amount and sign of each variance. DM- Wood…

Chapter 8 Solutions

Auditing: A Risk Based-Approach (MindTap Course List)

Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Auditing: A Risk Based-Approach (MindTap Course L...
Accounting
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Cengage Learning