The document that details the specific audit procedures for each type of test is the audit program.
The procedures that auditors follow in order to gather enough relevant audit evidence to make a professional judgment about the efficacy of an organization's internal controls.
To determine if transactions were appropriately categorized in the accounting records, audit techniques are utilized. For instance, it is possible to check purchase records for fixed assets to determine whether they were properly categorized into the appropriate fixed asset account.
To check if transactions have been recorded during the appropriate reporting period, audit processes are utilized. For instance, the shipping log can be examined to determine whether shipments to clients on the final day of the month were properly documented.
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Answer:
Kanban container size = 52 units
Number of kanbans needed = 8
Explanation:
As per the data given in the question,
Calculation for Economic Production Quantity :
Q^2 = 2 × Annual demand × Setup cost ÷ (Annual holding cost ×(1 - (daily demand ÷ daily production)))
Q^2 = 2 × 20,000 × 20 ÷ ($400 × (1 - (80 ÷ 320)))
Q^2 = 800,000 ÷ 300
Q = Kanban container size = 52 units
Number of kanbans needed = ( Demand during lead time+safety stock ) ÷ container size
= ((5 × 80) + 50) ÷ 52
= 8.65
= 8 kanbas
<span>A. It helps you to balance your risk across different types of investments</span>
They b<span>oth share responsibility and control over the property</span>
<span>In implementing a lean production system you should work with suppliers to do which of the following? Reduce lead time. In a lean production system, the ultimate goal is to reduce the amount of time wasted on production activities. Maximizing your time allows for more productivity and the work gets completed at a faster rate. </span>
