Which of the Following Is Not a Type of Misrepresentation

question 16

Multiple Choice

Which of the following is not a type of misrepresentation that makes a contract voidable by the innocent party?

• A)Fraudulent misrepresentation
• B)Negligent misrepresentation
• C)Culpable misrepresentation
• D)Innocent misrepresentation

---

Definitions:

Manufacturing Cost Variance

The difference between the actual costs of production and the standard or expected costs, indicating efficiency or inefficiency in the manufacturing process.

Direct Materials Cost Variance

The difference between the actual cost of direct materials used in production and the standard cost expected to be used.

Direct Labor Cost Variance

The difference between the budgeted cost of direct labor and the actual cost incurred.

Cost Variance

The difference between the expected (budgeted) cost and the actual cost incurred.