Auditing & Assurance Services with ACL Software Student CD-ROM
Auditing & Assurance Services with ACL Software Student CD-ROM
6th Edition
ISBN: 9781259197109
Author: Timothy J Louwers, Robert J. Ramsay Professor, David Sinason Associate Professor, Jerry R Strawser, Jay C. Thibodeau Associate Professor
Publisher: McGraw-Hill Education
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Chapter F, Problem 73EP

a.

To determine

Identify the way by which deviation condition can be defined by the company M.

b.

To determine

Define the population as per company M. Also, mention the steps required to ensure that it is complete.

c.

To determine

Identify the options available to the company M to select the items for examination from R’s computerized list. Also, identify the precautions that should be taken before selection the items.

d.

To determine

Calculate the sample rate of deviation when the deviation is 2, 4 and 10 for the company M.

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Department B had 12,000 units in work in process that were 75% completed as to labor and overhead at the beginning of the period; 52,400 units of direct materials were added during the period; 48,000 units were completed during the period, and 9,500 units were 60% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was ____ Units.

Chapter F Solutions

Auditing & Assurance Services with ACL Software Student CD-ROM

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