Answer
The answer and procedures of the exercise are attached in image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
$855,000
Explanation:
The Raw Materials T - Account can be used to determine the cost of direct materials used in production using the missing balance technique as follows :
Raw Materials T - Account
Debit :
Beginning Balance $279,000
Purchases $828,000
Total $1,107,000
Credit :
Ending Balance $252,000
Transferred to Production (<em>Balancing figure</em>) $855,000
Total $1,107,000
Responsibility for setting all audit standards to be followed in the audit of public companies rests with the NGOs.
<h3>Who is responsible for setting auditing standards?</h3>
Certified public accountants receive standards, guidelines, auditing, attestation, and quality control statements from the Auditing Standards Board (ASB) (CPAs). It is the senior technical committee of the AIPCA, and its job is to create generally accepted auditing standards (GAAS) for private companies.
The auditor has a duty to prepare and carry out the audit in order to get a reasonable assurance regarding the absence of a major misstatement, whether brought on by fraud or error.
In order to reduce audit risk, the Public Company Accounting Oversight Board (PCAOB), a nonprofit organization, regulates audits of publicly traded corporations. In order to address the accounting crises of the late 1990s, the PCAOB was founded concurrently with the Sarbanes-Oxley Act of 2002.
Learn more about The Audit here:
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Marketing researchers should collect information on consumers only for the purpose of conducting marketing research. It is not the researchers job to sell products to a group they are collecting data on. The researchers then pass this information on the company so they can develop a marketing plan for their product/service.
Answer:
A. Productivity at the work site has increased.
Explanation:
According to my research, based on the information provided within the question it can be said that the productivity at the work site has increased. This is because the same amount of workers that were handling the stores output began to handle the new increased work site's output six months later. Therefore they are having better productivity in the same amount of time worked.
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