There Are 14 Steps to Attributes Sampling, Divided into Three

question 137

Essay

There are 14 steps to attributes sampling, divided into three sections: plan the sample, select the sample and perform the audit procedures, and evaluate the results. Discuss the three steps that comprise the "evaluate the results" section.

---

Definitions:

General Expenses

Broad category of costs that are associated with the daily operations of a business but are not directly tied to production.

Indirect Expenses

Costs that are not directly traceable to a specific product, service, or department, such as utilities or administrative salaries.

Direct Expenses

Direct expenses are costs that can be directly attributed to a specific cost object, such as a product or service.

Indirect Cost

Expenses not directly attributable to the production of goods or services, such as overheads.