Which of the following statistical sampling methods is most commonly used to test control procedures?
a. Variable sampling.
b. Ratio estimation sampling.
c. Attribute sampling.
d. Dollar unit sampling.
c
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All of the following statements related to U.S. GAAP and IFRS are true except:
A. U.S. GAAP offers little guidance about the presentation order of expenses. B. Neither system requires separate disclosure of items when their size, nature, or frequency are important. C. The closing process for merchandisers is the same under both systems. D. Neither system defines operating income. E. Accounting for basic inventory transactions is the same under the two systems.
Gallerani Corporation has received a request for a special order of 6,000 units of product A90 for $21.20 each. Product A90's unit product cost is $16.20, determined as follows: Direct materials$6.10 Direct labor 4.20 Variable manufacturing overhead 2.30 Fixed manufacturing overhead 3.60 Unit product cost$16.20?Assume that direct labor is a variable cost. The special order would have no effect on the company's total fixed manufacturing overhead costs. The customer would like modifications made to product A90 that would increase the variable costs by $4.20 per unit and that would require an investment of $21,000 in special molds that would have no salvage value. This special order would have no effect on the company's other sales. The company has ample spare capacity for
producing the special order. The annual financial advantage (disadvantage) for the company as a result of accepting this special order should be: A. ($16,200) B. $30,000 C. $5,400 D. ($18,600)
Calculate the defects per million opportunities (DPMO) given the following: Blake, owner of Blakester's T-shirt Shoppe, keeps track of customer complaints. For each T-shirt sold, there are four possible complaints: T-shirt shrinks, poor quality, design wears off, and doesn't fit right. Each week, Blake calculates the rate of T-shirt "defects" per total T-shirts sold, and then uses this
information to determine his company's DPMO. During the past week, his company sold 1200 T-shirts. His company received 22 customer shrinkage complaints, 16 poor quality complaints, 12 design wears off complaints, 8 doesn't fit right complaints. Calculate his firm's DPMO. a. 69,600 b. 0.193 c. 5.8 x 10?6 d. 12,083
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