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This an comprehensive accounting subject can you please answer the three questions Jerry never imagined he'd be sitting there in Washington being grilled mercilessly by

This an comprehensive accounting subject can you please answer the three questions image text in transcribed

Jerry never imagined he'd be sitting there in Washington being grilled mercilessly by a panel of congressmen. But a young government auditor picked up on his scheme last year. His company produced high-tech navigation devices that were sold to both military and civilian clients. The military contracts were \"cost-plus," meaning that payments were calculated based on actual production costs plus a prot marl-cup. The civilian contracts were bid out in a very competitive market, and every dollar counted. Jerry knew that because all the iobs were done in the same factory, he could manipulate the allocation of overhead costs in a way that would shift costs away from the chrilian contracts and into the military \"cost-plus" work. That way, the company would collect more from the government and be able to shave its bids down on civil- ian work. He never thought anyone would discover the alterations he had made in the factory wrkers' time sheets, but one of his accountants had noticed and ripped off the government auditor. Now, as the congresSn-ian from Michigan takes him over the coals, jcrry is trying to gure out his chances of dodging jail time. Requirements

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