Explain the Benefits and Risks of Ethics Auditing

question 22

Essay

Explain the benefits and risks of ethics auditing.

Analyze the difference in overhead per unit and unit product costs between traditional and activity-based costing.

Understand the components and calculation of the cost of goods sold.

Comprehend how overapplied or underapplied manufacturing overhead affects financial statements.

Recognize the accounting treatment for raw materials and manufacturing overhead.