A client has the following information about their Sales: Sales Book Value Total Number of Sales...
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A client has the following information about their Sales: Sales Book Value Total Number of Sales The audit firm took a sample of items with the following results: Sample Size 1,000 Total Audit Value of the Sample $37,800 Total Book Value of the Sample $42.000 A. Calculate the average audit value of the sample. B. Calculate the average book value of the sample. Calculate the projected value and the projected misstatement using the following three classical sampling methods: Mean-Per-Unit Estimation C. D. $1,000,000 25,000 E. Projected Value $ Projected Misstatement $ Ratio Estimation Projected Value $ Projected Misstatement $ Difference Estimation Projected Value $ Projected Misstatement $ Overstated Understated Overstated Understated Overstated Understated A client has the following information about their Sales: Sales Book Value Total Number of Sales The audit firm took a sample of items with the following results: Sample Size 1,000 Total Audit Value of the Sample $37,800 Total Book Value of the Sample $42.000 A. Calculate the average audit value of the sample. B. Calculate the average book value of the sample. Calculate the projected value and the projected misstatement using the following three classical sampling methods: Mean-Per-Unit Estimation C. D. $1,000,000 25,000 E. Projected Value $ Projected Misstatement $ Ratio Estimation Projected Value $ Projected Misstatement $ Difference Estimation Projected Value $ Projected Misstatement $ Overstated Understated Overstated Understated Overstated Understated
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Related Book For
Cost Accounting A Managerial Emphasis
ISBN: 978-0133392883
6th Canadian edition
Authors: Horngren, Srikant Datar, George Foster, Madhav Rajan, Christ
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