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You are undertaking the audit of Blair Pty Ltd. Your assessment of controls has revealed that Blair processes its sales transactions in the following manner:
Required:
Problem 1: Identify three (3) weaknesses with the existing internal control system over sales and list two (2) recommendations to management as to how they can improve the identified internal control systems weaknesses.
For the upcoming year, the company estimated its total manufacturing overhead cost at $250,00, Calculate the predetermined overhead rate
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The condensed financial statements of Ness Company for the years 2016 and 2017 are presented below.
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