EXHIBIT D.60.1 Vendor Invoice Best Office Supply Company P.O. Box 1934 Springfield, Illinois 62705 September 15, 2016 Invoice #0089 Bill to: Main Electrical Supply 506 Commerce Avenue Springfield, IL 62707 217-555-2230 Product Quantity Price per Unit Total Cost Pens 10 boxes $3.65 $36.50 Сорy paper Toner cartridges 15 cases $15.76 $236.40 8 units $22.56 $180.48 Total $453.38 Payment is due immediately upon receipt
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Looking for Evidence of Fraud. Wen-Li is an internal auditor for Main Electrical
Supply in Springfield, Illinois. During her audit, she came across the invoice shown in
Exhibit D.60.1. The invoice is in almost pristine condition with few marks and no creases.
The invoice was properly filed in a vendor folder marked Best Office Supply, which is on the
approved vendor list, but the vendor review sheet, which is required to place a vendor on the
approved vendor list, is missing from the file.
Three other invoices were in the file:
June 14, 2016 | Invoice 0076 | $238.99 |
July 17, 2016 | Invoice 0081 | 324.55 |
August 16, 2016 | Invoice 0085 | 386.82 |
Required:
a. Is this a legitimate invoice? What information might lead you to suspect that this invoice
may indicate a fraud?
b. What type(s) of fraud might this indicate?
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- arrison 21 d Microsoft Office Home M (no subject) - s127095@student 6 ch01 Cost Concepts Garrison 21 Pattempt=1764895&cmid=8751838&page=6 SQU E SQU PORTAL ATTENDANCE ختمات التعلم الإلكتروني - الوقت المتيقي 1:45:13 Oman Marble Company has two processing departments. Cutting and Polishing. The company uses a multiple predetermined overhead rate in each processing department under job-order costing system. The Cutting Department's predetermined overhead rate is based on machine-hours and the Polishing Department's predetermined overhead rate is based on direct labor cost. At the :beginning of the current period, the company records show the following estimated information Polishing Cutting 40 20 $4 Direct Labor cost hour 10,000 5,000 Direct labor-hours 5,000 20,000 Machine-hours 40,000 $100,000 $4 Total fixed manufacturing overhead cost 4 Variable manufacturing overhead per machine-hour 6 Variable manufacturing overhead per direct labor-hour During the current period the company started…Microsoft Office Home M (no subject) - s127095@student X 6 ch01 Cost Concepts Garrison 21 =1764895&cmid=875183&page=15 SQU E- SQU PORTAL ATTENDANCE خدمات التعلم الإلكتروني - الوقت المتبقي 3:06 1:3 Mazoon Leather Company decided to use a multiple predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate chosen is labor hours for Primary Treatment Department and machine-hours for Secondary Treatment Department. The accounting :records shows the following estimates made at the beginning of the year Secondary Treatment Primary Treatment 60,000 $120,000 $4 Manufacturing overhead cost 30,000 2,000 Machine-hours 9,000 3,000 Direct labor-hours 40,000 $60,000 $4 Direct labor cost What predetermined overhead rates would be used in Mazoon Leather for Primary Treatment ?Department and Secondary Treatment Department, respectively and $2 200% .a O and $2 $40 .b O and 150% $2 c O None of the given answer .d O and 150% $40 e Orison 2 O Microsoft Office Home O ch01 Cost Concepts Garrison 21 M (no subject) - s127095@student attempt=1764895&cmid%3875183&page=4 SQU E- خدمات التعلم الإلكتروتي - SQU PORTAL ATTENDANCE - elalles الوقت المتيقي 56:/1:4 OMR 252,000 bO OMR 258,000 cO OMR 257,000 dO OMR 247,000 e O :XYZ Company had the following information for the year 110,000 OMR Direct materials used 150.000 OMR Direct labor incurred (4,000 hours) 166,000 OMR Actual manufacturing overhead incurred The Company used a predetermined overhead rate of OMR 30 per direct labor hour for the year. Assume the only inventory balance is Pan ending Work in Process Inventory balance of OMR 17,000. What was cost of goods manufactured OMR 393,000 .a O OMR 363,000.b O OMR 383,000 .c O None of the given answer is correct d O OMR 418,000 .e O الصفحة التالية
- Microsoft Office Home 6 ch01 Cost Concepts Garrison 212 X M (no subject) - 5127095@student 1764895&cmid%3D875183&page%=1 SQU E SQU PORTAL ATTENDANCE الوقت المتبقي 2:01:25 A Company uses a job order costing system and allocates its manufacturing overhead costs based on direct labor costs. The Company's production costs for the year were: direct labor, $80,000; direct :materials, $40,000; and factory overhead applied $20,000. The predetermined overhead rate was 4% .a O .200% b O 50% .C O 25% d O %.400 .e O Ali is currently working as a human resource manager for a company and earns a good salary. He is planning to pursue a Master of Business Administration (MBA) degree. He recently received an offer from University A, which included the cost of tuition fees. If Ali decided to go for the MBA study, his t his calary At the same time if Ali completod bic NMR greo he wOuldrison 21 O Microsoft Office Home M (no subject) - s127095@student X 6 ch01 Cost Concepts Garrison 21 attempt=1764895&cmid 875183&page=2#question-1984023-17 SQU PORTAL ATTENDANCE خدمات التعلم الإلكترونی - SQU | الوقت المتبقي 1:52:59 XYZ Co. has provided the following data for the month of June. There were no beginning inventories; consequently, the direct .materials, direct labor, and manufacturing overhead applied listed below are all for the current month Work In Cost of Goods Sold Finished Goods Process 61,880 OMR 8,450 OMR 3,440 OMR Direct materials 119,000 OMR 16,250 OMR 6,160 OMR Direct labor Manufacturing overhead applied 45,000 OMR 6,050 OMR 3,300 OMR Manufacturing overhead for the month was underapplied by OMR 7,000 The company allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts The cost of goods…-403-4-S1-2021/tool/212e2e19-3762-49f9-8428-0849d6324b2b/jsf/delivery/deliverAssessment Tube Maps 曲 News Translate I New folder O New folder A 11 Research Propos.. Clicxads.com | Cry.. ACCA TX (F6 UK) N... 国 R Sites JESSE JU Time Remaining: 01:11:58 A Hide Time Remaining A The following details relates to the operations of a company for budgeted output of 10000units; selling price- GHC100, total variable cost- GH¢200000, and total fixed cost- GHC400000. At what quantity and value will the company breakeven? O A. 5000units and GHC50000 O B. 5000units and GHC55000 OC. 4500units and GHC45000 O D. 4000unit and GHC40000 Reset Selection Next Save 11:51 AM 3/18/202 Ps carch hp 立
- I Microsoft Office Home 6 ch01 Cost Concepts Garrison 21 212 x M (no subject) - s127095@student: X mpt=1764895&tcmid=875183&page=16 SQU E-LEA - ula S خدمات التعلم الإلكتروني - SQU PORTAL ATTENDANCE Managerial Accounting - Spring Midterm Exam One / Midterm Exam One / ACCT2121 yasserg Spring21 /l ell / ä الوقت المتبقي 1 0:21:1 The total prime cost for company XYZ was five times the conversion cost. The direct labor cost was $40,000 while the manufacturing overhead cost was $20,000, How much was the direct materials cost ?($) 300,000 .a O li None of the given answers .b O 280,000 .c O 260,000 .d O 100,000 .e O :Overhead costs are overapplied if the amount applied to Work in Process is .equal to estimated overhead .a O None of the given answer is correct .b O less than actual overhead incurred .C less than estimated overhead d O .equal to actual overhead incurred .e O أخل اختياريMonaco manufacturing corp has the following account balances per ledger for the period ending December 31, 2019 Representation exp P10,000.00 Plant Supervision P126,750.00 Delivery expense P15,000.00 Purchase return P3,580.00 Depreciation -- Purchases P350,800.00 P62,800.00 Factory Building Raw Materials Depreciation office P25,000.00 Inventory, Dec. 31, P100,400.00 equipt 2019 Raw Materials Depreciation-Factory P9,460.00 Inventory, Jan 1, P101,640.00 / Equipment 2019 Repairs and Direct Labor P42,500.00 Maintenance - P76,480.00 factory equipt Salaries of office P29,220.00 P60,000.00 Factory Insurance and admin staff P46,200.00 Sales P1,100,000.00 Factory Utilities Finished Goods Sales return and P24,910.00 P5,000.00 Inventory, Jan. 1, allowances 2019 Selling and Administrative Indirect Labor P8,100.00 P26,490.00 ExpensesAssignment zto mheducation.com/ext/map/index.htmt.con-con&etenal browser-08launchurt-https8253A252F252Fnewconnect.mheducation.com252F#/actin Heip Sa Mode: CH-09 Assignment 0 Brief Exercise 9-11 [LO 9-1 Doughton Bearings produces ball bearings for industrial equipment. In evaluating the financial data from the previous year, the management accountant has determined that the company's selling price per unit is $35, while the variable cost per unit is $30. What is the contribution margin per unit? Book Contribution margin per unit per beaning Terences Prev Next > %23 %6 4 8. W e t y S f k V In
- X Mi 08 Maps Wishful Dreamer I... omework i ok education.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmide nt rint erences 1 Graw Graw Payable amount Q A Macy of New York sold LeeCo. of Chicago office equipment with a $7,200 list price. Sale terms were 2/10, n/30 FOB New York. Macy agreed to prepay the $30 freight. LeeCo. pays the invoice within the discount period. What does LeeCo. pay Macy? Fa 2 W S Fa 3 Ad w# 3 E D S4 $ R F % So сла 5 T * 00 8 J - Qu - O ( 9 K O ) 0 L P HelMI * 00 HI B F. EI @https://ezto.mheducation.com/ext/map/index.html?_con%3con&external browser%3D0&launchUrl=https%253A%252F%252Fpgc.. to pters 8 - 10 G Saved Help Save & Exis Banc Corp. Trust is considering either a bankwide overhead rate or department overhead rates to allocate $396,000 of indirect costs. The bankwide rate could be based on either direct labor hours (DLH) or the number of loans processed. The departmental rates would be based on direct labor hours for Consumer Loans and a dual rate based on direct labor hours and the number of loans processed for Commercial Loans. The following information was gathered for the upcoming period: Department DLH Loans Processed Direct Costs Consumer 0000 000 000 Commercial 000'6 00E If Banc Corp. Trust uses a bankwide rate based on the number of loans processed, what would be the total costs for the Consumer Department? Multiple Choice $280,000. sraw < Prev 14 of 25 11!H pe here to search (pツ F4 同回 F10 F5 F7 F8 PrtSc 61 F11 Delete F12…Maps Translate C Access to this pag... 9 studymoose.com ایجي بست مشاهدة ا. . . ۲a 1 sp 2022 i Saved Help Save Imperial Jewelers manufactures and sells a gold bracelet for $406.00. The company's accounting system says that the unit product cost for this bracelet is $270.00 as shown below: Direct materials $ 145 Direct labor 87 Manufacturing overhead 38 Unit product cost $ 270 The members of a wedding party have approached Imperial Jewelers about buying 14 of these gold bracelets for the discounted price of $366.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $12. Imperial Jewelers would also have to buy a special tool for $462 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed. To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected…