
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.
Introduction:Systematic sampling is process to select the products in random way but in a periodically manner.
Requirement 2
Define the systematic sampling.
Introduction:Here the items or samples have been selected in random order but within the sample interval.
Requirement 3
Define the systematic random sampling.
Introduction:In haphazard sampling the samples are selected in haphazard way or non-systematic manner.
Requirement 4
Define the haphazard sampling.
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.

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Chapter 8 Solutions
AUDITING-TEXT (LOOSELEAF)
- I am looking for the correct answer to this general accounting problem using valid accounting standards.arrow_forwardA company has an inventory of 10 units at a cost of $14 each on November 1. On November 3, they purchased 8 units at $17 per unit. On November 10, they purchased 15 units at $18 per unit. On November 14, they sold 28 units. Using the FIFO periodic inventory method, what is the value of the inventory on November 14 after the sale?arrow_forwardWhat is the gross profit?arrow_forward
- The activity rate for order size activity costarrow_forwardQuick answer of this accountingarrow_forwardDuring August, Melody's Boutique spent $1,200 to buy 40 handcrafted jewelry boxes and sold 8 of them for $65 each. How much should Melody record as an expense for August? Options: A. $240 B. $350 C. $600 D. $450arrow_forward
- General accountingarrow_forwardA product cost is composed of the followingarrow_forwardThe standard cost of Product ZX includes 5 hours of direct labor at $16 per hour. The predetermined overhead rate is $28 per direct labor hour. During August, the company incurred 5,300 hours of direct labor at an average rate of $15.75 per hour and $139,400 of manufacturing overhead costs. It produced 1,100 units. Compute the total overhead variance.arrow_forward
- Auditing: A Risk Based-Approach (MindTap Course L...AccountingISBN:9781337619455Author:Karla M Johnstone, Audrey A. Gramling, Larry E. RittenbergPublisher:Cengage Learning
