P7-37 (similar to) Question Help You are auditing payroll for the Reel In Technologies company for the year ended October 31, 2019. Included next are amounts from the client's trial balance, along with comparative audited information for the prior year. |(Click the icon to view the amounts from the trial balance.) (Click the icon to view the additional information.) Read the requirements. (Note 1: When computing the expected value of factory hourly payroll, you must take into consideration both the 4% wage increase and the 13% increase in the number of units produced and sold. Note 2: Use the increase in the 10/31/2019 preliminary sales balance over the 10/31/2018 audited sales balance to determine the expected value for sales commissions on 10/31/2019.) Requirement a. Requ ent b. (2) [(2) - (1)]/(2) (1) Preliminary Balance 10/31/2019 Expected Value 10/31/2019 Difference as a Percentage 592,003 % Executive salaries Factory hourly payroll (see Note 1) Factory supervisors' salaries 11,004,992 % 840,392 % Office salaries 2,694,881 % Sales commissions (see Note 2) 2,660,499 % P7-37 (similar to) Question Help You are auditing payroll for the Reel In Technologies company for the year ended October 31, 2019. Included next are amounts from the client's trial balance, along with comparative audited information for the prior year. |(Click the icon to view the amounts from the trial balance.) (Click the icon to view the additional information.) Read the requirements. (Note 1: When computing the expected value of factory hourly payroll, you must take into consideration both the 4% wage increase and the 13% increase in the number of units produced and sold. Note 2: Use the increase in the 10/31/2019 preliminary sales balance over the 10/31/2018 audited sales balance to determine the expected value for sales commissions on 10/31/2019.) Requirement a. Requ ent b. (2) [(2) - (1)]/(2) (1) Preliminary Balance 10/31/2019 Expected Value 10/31/2019 Difference as a Percentage 592,003 % Executive salaries Factory hourly payroll (see Note 1) Factory supervisors' salaries 11,004,992 % 840,392 % Office salaries 2,694,881 % Sales commissions (see Note 2) 2,660,499 %