In evaluating the reasonableness of an estimate, the auditor would not normally concentrate on which of the following factors and assumptions?
a. Subjective judgments that introduce bias.
b. Deviations from historical patterns.
c. Amounts that are inconsistent with current economic trends.
d. All of these are a focus of the auditor regarding reasonable estimates.
d
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Electronic communication encourages the random access of information
Indicate whether this statement is true or false.
Renata needs to fill an open position in her department. In what situation should she use the nine-box grid?
A. If she wants to avoid a glass-ceiling audit B. If she wants to promote from within C. If she wants to recruit minorities D. If she needs to fill an entry-level position
Subscription pricing is popular because it gives sellers a regular and predictable stream of revenue.
Answer the following statement true (T) or false (F)
Davison Corporation, which has only one product, has provided the following data concerning its most recent month of operations: Selling price$95 Units in beginning inventory 0Units produced 5,000Units sold 4,900Units in ending inventory 100 Variable costs per unit: Direct materials$26Direct labor$40Variable manufacturing overhead$1Variable selling and administrative expense$4Fixed costs: Fixed manufacturing overhead$40,000Fixed selling and administrative expense$73,500 What is the total period cost for the month under the absorption costing?
A. $73,500 B. $133,100 C. $93,100 D. $40,000