Answer: Moderate or low
Explanation:
Tests of Control are one by auditors to determine the effectiveness of the internal controls in the company in being able to detect accounting errors and anomalies.
If a company seems to have a moderate or low inherent risk the Auditors may or may not initiate Tests of Control due to this reduced risk.
If the company however, has either high or moderate or unusually high risk, the Auditors have to perform Tests of Control to determine where the company is going wrong.
45.7mL/s = 45.7(3600)mL/(3600)s
= 164520mL/3600s
= 164520mL/hr
= 0.16452kL/hr
Answer:
Fallacy of composition.
Explanation:
Fallacy of composition also called faulty induction, composition fallacy, or exception fallacy is an assumption which states that the result achieved from an experiment on a section of a population will be true for the entire population. Fallacy of composition often lead to incorrect conclusion as what is good for a part of a bigger population may not always be good for the whole, example is when a spectator in a stadium stands up, he gets a better view of the game, but when everybody stands up, the opposite is the case.
Answer:
Unitary cost= $78.07
Explanation:
<u>First, we need to calculate the predetermined overhead rate:</u>
Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Predetermined manufacturing overhead rate= 4,547,200 / 80,000
Predetermined manufacturing overhead rate= $56.84 per direct labor hour
<u>Now, we can allocate overhead:</u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
Allocated MOH= 56.84*0.8= $45.47
<u>Finally, the unitary cost:</u>
Unitary cost= 15 + 17.6 + 45.47
Unitary cost= $78.07
Answer:
$1,420,000
Explanation:
Total sales of October = $1,300,000. Collected in November = (60% of 1,300,000) = $780,000
November sales = $1,600,000. 40% sales of November = $640,000
Total cash collection = $780,000 + $760,000
Total cash collection = $1,420,000
So, the cash that Pinewood will receive in November is $1,420,000.