The grade point average of the students at UTC is 2.80 with a standard deviation of 0.84. The grade point average of students at UTK is 2.4 with a standard deviation of 0.84. Which university shows a more dispersed grade distribution?
What will be an ideal response?
UTK's coefficient of variation = 35%. UTC's coefficient of variation = 30%.Therefore, UTK has a more dispersed grade distribution.
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An auditor vouched data for a sample of employees in a payroll register to approved clock card/time sheet data to provide assurance that:
A. segregation of duties exists between the preparation and distribution of the payroll. B. internal controls relating to unclaimed payroll checks are operating effectively. C. employees worked the number of hours for which they are paid. D. payments to employees are computed at authorized rates.
The branch of accounting that is most concerned with addressing the needs of the firm as a whole is ____________________ accounting
Fill in the blank(s) with correct word
The job order costing system is used by service firms to determine revenues, expenses, and ultimately profit
Indicate whether the statement is true or false
List three reasons why service department costs should be allocated to production and explain the difference between the direct method and the step-down method of allocating service costs