Audit Assignment Question(s):undefinedundefinedExplain the importance of observing physical inventory during an audit. (1 point)Explain the Concept of Audit Sampling? (2 points)undefinedProperty, plant, and equipment is often a significant portion of a company's assets. Describe the inherent risk factors that can affect the audit of this account. (2 points)undefinedManagerial Assignment Question(s):undefinedABC Corporation makes three types of products and currently uses traditional product costing system.The management is considering using activity based costing. Below is the details on the tree products (2.5 marks)undefined Products Labor hour per unit Machine hours per unit Material cost per unitSR Volume of productions (Units) Product A 1.5 0.5 20 1,000 Product B 1 1.5 25 5,000 Product C 0.5 1.0 30 1,500 undefinedTotal manufacturing overhead are SR 750,000. In- depth analysis for overheads has been done to apply activity based costing as follows:undefined Activities Activity’s Overheads cost pool Set- ups 150,000 Machinery 200,000 Material handling 125,000 Inspection 275,000 Total 750,000 undefinedThe actual quantity used of activities by products as follows:undefined Products Set- ups Machinery (hours) Material handling Inspection Product A 100 500 15 20 Product B 120 7,500 30 150 Product C 300 1,500 90 700 Total 520 9,500 135 870 undefinedDirect labor rate is SR 5 per hour and overhead allocated to products under traditional costing system using machine hour as allocation base.undefinedRequired: undefinedCalculate cost per unit per each product under traditional costing system.Calculate cost per unit per each product under activity based costing. Comment on results.undefined2. In 2020, ABC Company produces a single product with the following information: (2.5 marks)undefined Variable cost per unit: SR Direct martial PER UNIT 8 Direct labor per unit 10 Manufacturing over head 5 Variable selling expense per units sold 2 undefined Additional information: SR Fixedmanufacturing costs per year 150,000 Fixedselling and administrating expenses per year 150,000 Number of units produced 20,000 Selling price per unit 50 undefined Required:undefinedPrepare income statement using absorption costing and variable costing assuming all 20,000 units sold.Prepare income statement using absorption costing and variable costing assuming all 15,000 units sold and 5,000 units unsold.Comment on results explaining which costing method produces more profit in case of inventory.

1 - The four principles, especially in the context of bioethics in the United States, has often been critiqued for raising the principle of autonomy to the highest place, such that it trumps all other principles or values. How would you rank the importance of each of the four principles? How do you believe they would be ordered in the context of the Christian biblical narrative? Refer to the topic study materials in your response.2- What do the four parts of the Christian biblical narrative (i.e., creation, fall, redemption, and restoration) say about the nature of God and of reality in relation to the reality of sickness and disease? From where would one find comfort and hope in the light of illness according to this narrative? Explain in detail each part of the narrative above and analyze the implications.