What Action Will a Lawyer Likely Take If They Have

question 17

Multiple Choice

What action will a lawyer likely take if they have information about a lawsuit that was not mentioned by the client?

• A)They will tell the auditor the number of suits and request the auditor to contact the client.
• B)They will request the client to notify the auditor about the lawsuit.
• C)They will not mention the lawsuits since they are confidential.
• D)They will refuse to answer the legal letter,since it is incorrect.

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Definitions:

Raw Materials Quantity Variance

The difference between the expected amount of raw materials required for production and the actual amount used.

Materials Price Variance

The difference between the actual cost of materials purchased and the standard cost, multiplied by the quantity of materials acquired.

July

The seventh month of the year in the Gregorian calendar, known for marking the midpoint of the calendar year.

Materials Price Variance

The difference between the actual cost of direct materials and the standard cost, multiplied by the actual quantity of materials used.