Answer:
The correct answer is C.
Explanation:
Giving the following information:
Standard variable overhead rate $11.15 per machine hour
The following data pertain to operations for the last month:
Actual hours 8700 machine hours
Actual variable manufacturing overhead cost $95840
To calculate the variable overhead rate variance, we need to use the following formula:
Manufacturing overhead rate variance= (standard rate - actual rate)* actual quantity
Manufacturing overhead rate variance= (11.15 - 95,840/8,700)*8,700= $1,165 favorable
Inherent risk is one of the risks auditors and analysts must look for when reviewing financial statements, along with control risk and detection risk. ... The ultimate risk posed to the company also depends on the financial exposure created by the inherent risk if the process for accounting for the exposure fails.
I believe it is the first stage, Awareness. :) hope this helps!!
Given that m<span>any
people believe that pure monopolies charge any price they want to
without affecting sales. instead, the output level for a
profit-maximizing pure monopoly occurs where </span><span>MC = MR (marginal cost equals marginal revenue).</span>