How Much Can a "Failure to Abate" Violation Cost Employers

question 68

Multiple Choice

How much can a "failure to abate" violation cost employers per day while the violation continues to exist?

• A)Up to $100 per day
• B)Up to $700 per day
• C)Up to $1,000 per day
• D)Up to $7,000 per day
• E)Up to $10,000 per day

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Definitions:

Gross Profit

Sales minus the cost of goods sold.

Volume Variance

A measure used in budgeting and accounting to illustrate the difference between expected sales volume and actual sales volume.

Standard Costs

Predetermined costs for manufacturing a product or delivering a service, used as targets or benchmarks.

Variances

The differences between planned, budgeted, or standard costs and actual costs.