EBK AUDITING: A RISK BASED-APPROACH
EBK AUDITING: A RISK BASED-APPROACH
11th Edition
ISBN: 9781337670203
Author: RITTENBERG
Publisher: YUZU
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Chapter 8, Problem 15CYBK
To determine

Introduction: Tolerable deviation rate means the rate of variance observed during audit , which is acceptable to the extent that it would not affect the auditing results , materially.

To select: The statement which is false.

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The Florida Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below. Percentage Completed Units Materials Conversion Work in process, June 1 1,60,000 65% 45% Work in process, June 30 1,30,000 75% 65% The department started 650,000 units into production during the month and transferred 680,000 completed units to the next department. Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
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Chapter 8 Solutions

EBK AUDITING: A RISK BASED-APPROACH

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