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MrMuchimi
3 years ago
13

Which of the following statements is correct concerning analytical procedures used in plan- ning an audit engagement?

Business
1 answer:
nata0808 [166]3 years ago
4 0

Answer:

b. They typically use financial and non-financial data aggregated at a high level.

Explanation:

The statement which is correct concerning analytical procedures used in planning an audit engagement is statement B  because the use of financial and non-financial data aggregated at a high level is commonly used during preliminary analytical procedures. Evaluations of financial knowledge gained by the research of PLAUSIBLE RELATIONSHIPS between both financial plus non-financial data. Typically use financial and non-financial data AGGREGATED AT A HIGH LEVEL, they are a Type of Audit Procedure as well as a Type of Evidence (usually practiced in alliance with different kinds of data) as the aforementioned that it is known as analytical procedures.

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inn [45]

The  cost of making that the component should be compared to the price of buying the component is $15.55.

<h3 /><h3>What is cost of making?</h3>

First step

Relevant manufacturing cost

Direct materials $7.90

Direct labor 2.10

Variable manufacturing overhead 1.10

Fixed manufacturing overhead 0.4

(10% × $4.00 is avoidable)

Total $11.50

Second step

Cost of making=11.5+[($8.10 per unit ÷ 6 minutes per unit)×3 minutes]

Cost of making=$11.5+$4.07

Cost of making=$15.55

Therefore the  cost of making that the component should be compared to the price of buying the component is $15.55.

Learn more about cost of making here:brainly.com/question/16107431?referrer=searchResults

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5 0
2 years ago
bought a machine on January 1, 2022. The machine cost $180000 and had an expected salvage value of $26000. The life of the machi
iren2701 [21]

Answer:

$38,500

Explanation:

The computation of the depreciation expense  is shown below:

a) Straight-line method:

= (Original cost - residual value) ÷ (useful life)

= ($180,000 - $26,000) ÷ (4 years)

= ($154,000) ÷ (4 years)  

= $38,500

In this method, the depreciation is same for all the remaining useful life

We simply applied the above formula so that the depreciation expense could come

7 0
3 years ago
What is some ways to help people ?
EleoNora [17]
By making a homeless shelter or just giving someone a compliment
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3 years ago
In order to go to college, Hank goes from working full-time making $28,000 per year to working part-time at half the salary for
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The total number of years taken by Hank to recover the total investment he has done in his education is 6.6 years.

Computation of the number of years taken by Hank to recover investment is:

\begin{aligned}\text{Number of Years}&=\frac{ \text{Total Income per Year after degree}}{\text{cost of the education}} \\\text{Number of Years}&= \frac{\$33000}{\$5000}\\\text{Number of Years}&= 6.6\:Years\end{aligned}

Therefore, the correct option is c.

To know more about the computation of a number of years, refer to the link below:

brainly.com/question/1447333

4 0
2 years ago
Which of the following can be defined as generally accepted behavior required in social relations?
Dominik [7]

I think its A Action because most likley you would be very cooperative and listen to people in social reaction Just my opinion!

4 0
3 years ago
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