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Check my work 15 Required information Part 1 of 2 5.88 points Book value of items in sample $148 Average audited value of items in
Check my work 15 Required information Part 1 of 2 5.88 points Book value of items in sample $148 Average audited value of items in sample - $143 Standard deviation of sample = $28 b. Use the mean-per-unit method to: (Do not round any division. Round other computations and the final answers to the nearest whole value.) (1) Calculate the point estimate of the account's audited value. Estimate of the account's audited value eBook Print References (2) Calculate the projected misstatement for the population, Projected misstatement (3) Calculate the adjusted allowance for sampling risk Adjusted allowance for sampling i Check my work 15 Part 1 of 2 Required information Section Break Questions 42-43 [The following information applies to the questions displayed below) Rachel Robertson wishes to use mean-per-unit sampling to evaluate the reasonableness of the book value of the accounts receivable of Smith, Inc. Smith has 8,700 receivable accounts with a total book value of $1510,000 Robertson estimates the population's standard deviation to be equal to $22. After examining the overall audit plan, the auditors believe that the account's tolerable misstatement is $67000, and that a risk of incorrect rejection of 46 percent and a risk of incorrect acceptance of 10 percent are appropriate. Use Elgure 9.8. 5.88 points Do
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