You are auditing payroll for the

Reel InReel In

Technologies company for the year ended October 31,

20162016.

Included next are amounts from the client's trial balance, along with comparative audited information for the prior year.

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(Click the icon to view the amounts from the trial balance.)

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(Click the icon to view the additional information.)

Requirements

a.	Use the final balances for the prior year and the information in items 1 through 5 to develop an expected value for each account, except sales. (Round to the nearest whole dollar.)
b.	Calculate the difference between your expectation and the client's recorded amount as a percentage using the formula (expected value-recorded amount)/expected value. (Round to the nearest hundredth percent, X.XX%.)

		Requirement a.
	(1)	(2)
	Preliminary Balance	Expected Value
	10/31/2016	10/31/2016
Executive salaries	666,049
Factory hourly payroll	11,004,992
Factory supervisors' salaries	760,800
Office salaries	2,694,881
Sales commissions	2,827,321

Data Table Audited Balance Preliminary Balance 10/31/2015 10/31/2016 Sales Executive salaries Factory hourly payroll Factory supervisors' salaries Office salaries Sales commissions 50,064,758 $ 581,745 10,798,845 659,285 2,239,582 2,496,977 56,072,529 666,049 11,004,992 760,800 2,694,881 2,827,321 Print Done Data Table Audited Balance Preliminary Balance 10/31/2015 10/31/2016 Sales Executive salaries Factory hourly payroll Factory supervisors' salaries Office salaries Sales commissions 50,064,758 $ 581,745 10,798,845 659,285 2,239,582 2,496,977 56,072,529 666,049 11,004,992 760,800 2,694,881 2,827,321 Print Done