Entries by Munene david

A corporation manufactures a specialty line of dresses

May 7, 2020 in /by

A corporation manufactures a specialty line of dresses using a job-order costing system. During January, the following costs were incurred in completing job J-1:Direct materials $27,400 Direct labor 9,600 Administrative costs 2,800 Selling costs 11,200 Factory overhead was applied at the rate of $50 per direct labor hour, and job J-1 required 400 direct labor […]

 

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A company makes lenses for telescopes. Because the company

May 7, 2020 in /by

A company makes lenses for telescopes. Because the company will only sell lenses of the highest quality, the normal spoilage during a reporting period is 1,000 units. At the beginning of the current reporting period, the company had 2,200 units in inventory, and during the period, production was started and completed on 4,000 units. Units […]

 

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Blaster, Inc., a manufacturer of portable radios

May 7, 2020 in /by

Blaster, Inc., a manufacturer of portable radios, purchases the components from subcontractors to use to assemble into a complete radio. Each radio requires three units each of Part XBEZ52, which has a standard cost of $1.45 per unit. During May, Blaster experienced the following with respect to Part XBEZ52: Units Purchases ($18,000) 12,000 Consumed in […]

 

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Which of the following is not a legitimate role for internal auditing

May 7, 2020 in /by

 Which of the following is not a legitimate role for internal auditing in cloud computing? A) Reviewing personnel transition and end-user training plans B) Providing assurance on IT general controls C) Reviewing service level agreements D) Ongoing monitoring of vendor performance E) Implementing the cloud computing strategy 14) In the Three Lines of Defense Model, […]

 

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