Answer:
The budgeted materials needed in units for April = 67000 litres
Explanation:
The budgeted production for April = 68000 units
The budgeted production for may = 64000 units
The cost of raw material per unit = $1.70 per unit
It is given that at the end of each month the inventory should be = 25%
The April 1 inventory = 17000 units
Now calculate the material required for April production:![= [ Materials needed + ending inventory requirements - beginning inventory available ]](https://tex.z-dn.net/?f=%3D%20%5B%20Materials%20needed%20%2B%20ending%20inventory%20requirements%20-%20beginning%20inventory%20available%20%5D)
![= [ 68000 + (64000 × 25%) – 17000 ] = 67000 Litres](https://tex.z-dn.net/?f=%3D%20%5B%2068000%20%2B%20%2864000%20%C3%97%2025%25%29%20%E2%80%93%2017000%20%5D%20%3D%2067000%20Litres)
Therefore, the budgeted materials needed in units for April = 67000 litres
Answer: C the fallacy of composition.
Explanation:
The Fallacy of Composition is meant to explain the false logic that people apply when they believe that because something is true of a subsection of something, then that thing must be true for the whole thing.
For instance, my phone's batter is made of lithium so my entire phone must be made of lithium.
In this scenario, the logic is that it is good to be involved in military conflict because it favors the nation if it favors a subset (employees in defense) which is flawed because other industries might suffer. This however, represents the fallacy of composition.
Variance reports are internal reports for management. They are used primarily for the purposes of internal accounting and auditing.
To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
<h3>
What are inventory items?</h3>
- Inventory item - a discrete product that can be indicated as being in stock.
- You can track inventory if your company sells stock items.
- A product purchased for resale that is tracked in Stock and on the Balance Sheet is an inventory item.
- An inventory list should, in general, include the product's name, SKU number, description, cost, and quantity.
- Inventory lists assist brands in managing and monitoring stock levels, enabling tighter inventory control and a more streamlined approach to inventory management.
- An auditor will most likely attest items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets to get assurance that all inventory items in a client's inventory listing schedule are valid.
Therefore, to gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch (C) items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
Know more about inventory items here:
brainly.com/question/24868116
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Complete question:
To gain assurance that all inventory items in a client's inventory listing schedule are valid, an auditor most likely would vouch
A. Inventory tags were noted during the auditor's observation of items listed in the inventory listing schedule.
B. Inventory tags were noted during the auditor's observation of items listed in receiving reports and vendors' invoices.
C. Items listed in the inventory listing schedule to inventory tags and the auditor's recorded count sheets.
D. Items listed in receiving reports and vendors' invoices to the inventory listing schedule.
