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Use the following information to answer questions D to H: Mean book value of items in...

Use the following information to answer questions D to H:

  • Mean book value of items in sample = $31
  • Mean audited value of items in sample = $32
  • Mean book value of items in population = $33
  • Number of items in population = 10,000
  1. The total book value of this population is ?
  2. Using the mean per unit estimation, the estimated total audited value is ?
  3. Using the mean per unit estimation, the projected misstatement is ? (Indicate overstated or understated and $amount)
  4. Using ratio estimation, the estimated total audited value is ?
  5. Using difference estimation, the estimated total audited value is?

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ekkarill92 answered 2 years ago
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