Answer:
Confirmation of accounts receivables is not required when the account information is immaterial.
An account is said to have immaterial information when the account doesn't reflect any important or relevant information that can affect the opinions or decisions of shareholders, potential investors or creditors of the company.
The auditors have the responsibility of deciding what information is relevant and important and what is immaterial
Answer: Business model
Explanation: A successful business model is one which makes more profits than it costs to produce the product. A person opening a restaurant only needs a standard business model while concentrating on significant techniques on different types of customers.
However, it is not used by new companies alone but can also be used by established companies who want to go into a new market. It helps to capture where a company is headed and the direction it will take you to get there.
Answer:
A.The unit product cost of Product G8 under traditional costing is greater than its unit product cost under activity-based costing by $171.48.
Explanation:
In the given problem, the unit cost if we consider the traditional method of costing is estimated as $752.14. Furthermore, the unit cost if we consider the activity-based method of costing is approximately $580.58. Therefore, we we subtract the two values from each other, we have:
$752.14 - $580.68 = $171.46
This is close to the value in option A.