24. Which of these statements about controls is true? a) they provide only reasonable assurance that financial statements are correct. b) guarantees that company objectives are achieved. c) if followed, will insure a company is profitable. d) will prevent fraud and embezzlement. 25. Six Business Management Perspectives that go beyond the numbers to enable intelligent planning, control, and decision making by management does not include a. an ethics Perspective b. a strategic management perspective c. an enterprise risk management perspective d. a management accounting perspective 26. Once risk has been identified, a manager will use the following tactic to reduce it a) use strategic management b) implement a customer value proposition c) implement specific controls d) all of the above The remaining MIC are 3 points each. 27. Acitelli Corporation applies manufacturing overhead on the basis of machine-hours. Their actual machine hours were 8,560 and estimated machine hours were 8,500. The actual overhead was $358,000. The predetermined rate was $42.00. The applied manufacturing overhead for the year is closest to: A. $357,000 B. $358,000 C. $359,520 D. $360,520 28. The assembly Department started the month with 59,000 units in its beginning work in process inventory. An additional 367,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 35,000 units in the ending work in process inventory of the Assembly Department. How many units were transferred to the next processing department during the month? 4) 391,000 B) 426,000 ) 343,000 D) 461,000