Question
A companys 1000 accounts receivable have a total book value of $40,000 (average book value=$40). An audited sample of 50 accounts resulted in the following
A companys 1000 accounts receivable have a total book value of $40,000 (average book value=$40). An audited sample of 50 accounts resulted in the following mean values:
book value = $38.00.
Audited value = $39.20
What is the estimated total audited value using:
A) mean per unit sampling?
B) difference estimation sampling?
C) ratio estimation sampling?
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Cost Accounting
Authors: Srivastava Lal, Jawahar Lal
5th Edition
1259026523, 978-1259026522
