What is the average lateness of these seven jobs if they are scheduled using the earliest due date criterion?
Job Process Time Due Date
Job 1 15 23
Job 2 7 15
Job 3 12 34
Job 4 8 16
Job 5 11 27
Job 6 10 19
Job 7 13 28
A) 19.2
B) 18.7
C) 17.8
D) 16.5
Answer: C
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The audit documentation when performing an engagement quality review should include such information such as how much the firm paid for the review
a. True b. False Indicate whether the statement is true or false
For disaster recovery purposes, what criteria are used to identify an application or data as critical?
Good Sleep Inc manufactures soft pillows. Its records revealed the following data: Number of units produced 5,000 Standard direct labor hours per unit 2.50 Standard variable overhead rate $4.00 per hour Standard fixed overhead rate $6.00 per hour Budgeted fixed overhead costs $75,500 Actual variable overhead costs $49,500 Actual fixed overhead costs $80,000 Actual labor hours 13,000 direct labor
hours Total actual overhead $129,500 Using the above information provided for Good Sleep, the total overhead cost variance is A) $4,000 (F). B) $5,000 (U). C) $4,500 (U). D) $500 (F).
The SRI company provides substantial services after the time of product sale and this condition introduces uncertainty. Which of the following is true?
a. Under some circumstances the firm recognizes revenue sometime after the sale. b. Under some circumstances this uncertainty is sufficient to preclude the firm's recognizing revenue at the time of sale. c. The firm always recognizes revenue at the time of sale. d. Both choices a and b are true. e. None of the above is true.