The internet crime complaint center (ic3) is a partnership between the

The morgan company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and pr

Leona [35]

<span>The morgan company, a small furniture manufacturer, divides its organization into marketing, human resources, accounting, and production departments. this is an example of departmentalization by function

</span>

3 0

4 years ago

Question 6 Paige Company estimates that unit sales will be 11,100 in quarter 1, 12,300 in quarter 2, 14,500 in quarter 3, and 18

sveticcg [70]

Answer:

$18,250

Explanation:

Preparation of a production budget by quarters for the first 6 months of 2020.

Paige Company

Production Budget For the six months ended December 31, 2020

Expected unit sales 11,100 12,300

Add: Desired ending finished goods

2,706 2,706

(22%*$12,300)

Total required units 13,806 15,006

(11,100+2,706) (12,300+2,706)

Less: Beginning finished goods inventory

2,442 2,706

(22%*11,100) (22%*12,300)

Required production units 8,656 9,594

(11,100-2,442) (12,300+2,706)

Six Months: $18,250

(8,656 +9,594)

Therefore the production budget by quarters for the first 6 months of 2020 will be $18,250

5 0

3 years ago

2. With sufficient detail, Discuss how materiality and risk are related and integrated into the audit

Ipatiy [6.2K]

Answer:

Audit Risk and Materiality

These two concepts have an inverse relationship. When the materiality level is set low, the audit risk envisaged by the auditor is on the high side. When the materiality level is set high, the audit risk as perceived by the auditor is on the low side.

But, what exactly is materiality? Materiality refers to the basis that can change or influence the judgment of a reasonable person arising from a quantitative and qualitative omission or misstatement of a fact. And audit risk refers to the risk of material misstatement in the financial statements presented by a company.

Explanation:

The risk of material misstatement in the financial statements is the reason that professional auditors design their audit procedures to reduce the audit risk to an acceptably low level. This implies that auditors gather more audit evidence when the materiality is set to a low level, showing that audit risk has increased and vice versa.

4 0

3 years ago

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours,

Verdich [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Precision Company estimates its machine-hour requirements for the four quarters to be 35,000 hours, 20,000 hours, 15,000 hours, and 30,000 hours respectively. The variable manufacturing overhead rate is $4 per machine-hour. The fixed manufacturing overhead is $50,000 per quarter, which includes $20,000 of depreciation expense.

1) Total hours= 100,000 hours

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 100,000*4= $400,000

2) Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Total fixed overhead= 50,000*4= 200,000

Estimated manufacturing overhead rate= 200,000/ 100,000= $2 per hour

7 0

4 years ago

Stephen Glass made himself infamous as a dishonest journalist by fabricating material for more than forty articles for The New R

tensa zangetsu [6.8K]

Answer:

Stephen Glass, it is significant and appropriate to comprehend the idea of ETHICS. In a typical man terms one can comprehend being Ethical amounts to only acting/thinking ethically.

Presently when we talk about Stephen Glass, one individual understands that there are sure worries as to the calling of media. Being a columnist requires two most significant attributes, first to be honest as in they are to report realities that are valid, something that they have seen or have an affirmed presence of. It is appropriate to take note of that this a calling which supplies truth to the overall population , this advises the general population regarding the occasions that occur or happen close to them, it is on a par with teaching people in general. It is an honorable capacity, altering of any news is the most noticeably awful thing that can affect the general public given the way that PRESS is the fourth bequest in any nation and all the opportunity of articulation begins with this unit. Second is the way that this episode has caused gigantic worry with how trustful can news sources or writer be. This occurrence totally decimates the capacity of Media Outlets and Peoples Belief in them.

This episode further guarantees the presence of a Media Platform which could practice capacities premise the benefits or the evaluations that they acquire and might I be able to a huge way sway the establishment of its reality.

7 0

3 years ago