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3 years ago

One commonly used relative unit is the ____ unit.

Business

2 answers:

Alenkinab [10]3 years ago

7 0

Em Unit , Should Be The Right Answer <span />

Anna71 [15]3 years ago

3 0

The correct answer is Em Unit just learned about this hope this helps! ;D

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For each of the procedures described in the table below, identify the audit procedure per formed and classification of the audi

katen-ka-za [31]

Answer:

a. Requested responses directly from customers as to amounts due.

Audit Procedure: Confirmation

Classification of Audit Procedure: Substantive procedures

b. Compared total bad debts this year with the totals for the previous two years.

Audit Procedure: Analytical procedure

Classification of Audit Procedure: Substantive procedures

c. Questioned management about likely total uncollectible accounts.

Audit Procedure: Inquiry

Classification of Audit Procedure: Substantive procedures

d. Watched the accounting clerk record the daily deposit of cash receipts.

Audit Procedure: Observation

Classification of Audit Procedure: Test of controls

e. Examined invoice to obtain evidence in support of the ending recorded balance of a customer.

Audit Procedure: Inspection of records or documents

Classification of Audit Procedure: Substantive procedures

f. Compared a sample of sales invoices to credit files to determine whether the customers were on the approved customer list.

Audit Procedure: Reperformance

Classification of Audit Procedure: Test of controls

g. Examined a sample of sales invoices to see if they were initialized by the credit manager indicating credit approval.

Audit Procedure: Inspection of records or documents

Classification of Audit Procedure: Test of controls

4 0

3 years ago

In your own understanding, compare and contrast "business markets versus consumer-goods markets."

Anna35 [415]

Answer:

Business markets and consumer-goods markets differ in relation to the consumer and the form of operation. Business markets are formed by companies that provide products or services for other companies to manufacture their final products and services. Consumer goods markets, on the other hand, refer to companies that produce products and services already intended for final consumers.

The difference between them is that in business markets there are some significant advantages that reduce competitiveness, such as the creation of a long-term relationship with the customer, since the impact of buying and selling is greater, which also ensures greater stability business, since companies need constant inputs and services for their production of products and services to sell to the final consumer.

3 0

2 years ago

For a film studio to make a profit, it has to be able to earn enough to offset expensive initial costs. a large portion of the p

slega [8]

The appropriate response is economies of scale. It alludes to the cost advantage that emerges with an expanded yield of an item. Economies of scale can emerge in a few territories inside a huge endeavor. While the advantages of this idea in ranges, for example, generation and obtaining are self-evident, economies of scale can likewise affect zones like fund.

3 0

3 years ago

TB 01-85 Payment of accounts payable decreases both I...

Eva8 [605]

I think it’s true

(Not sure)

4 0

2 years ago

Gundy Company expects to produce 1,213,200 units of Product XX in 2020. Monthly production is expected to range from 80,000 to 1

fiasKO [112]

Answer:

Gundy Company

Flexible Budget Report for March 2020:

Actual Budget Flexible Budget Variance

Direct materials $515,000 $485,000 $30,000 U

Direct labor 670,000 679,000 9,000 F

Variable overhead 1,073,000 1,067,000 6,000 U

Actual fixed costs 679,000 679,000 0 None

Total costs incurred $2,937,000 $2,910,000 $27,000 U

Explanation:

a) Data and Calculations:

Expected production of Product XX in 2020 = 1,213,200 units

Monthly production range = 80,000 to 114,000 units

Budgeted variable manufacturing costs per unit are:

Direct materials $5

Direct labor $7

Overhead $11

Total variable $23

Fixed manufacturing costs per unit:

Depreciation are $6

Supervision are $1

Total fixed costs $7

Total costs = $30

March 2020 costs incurred for 97,000 units:

Direct materials $515,000

Direct labor $670,000

Variable overhead $1,073,000

Actual fixed costs 679,000

Total costs incurred $2,937,000

Flexible Budget Report for March 2020:

Actual Budget Flexible Budget Variance

Direct materials $515,000 $485,000 $30,000 U

Direct labor 670,000 679,000 9,000 F

Variable overhead 1,073,000 1,067,000 6,000 U

Actual fixed costs 679,000 679,000 0 None

Total costs incurred $2,937,000 $2,910,000 $27,000 U

4 0

3 years ago