The audit risk model includes the four risks listed below.Match the type of risk with the related definition.
Definitions:
Machine Hours
A measure of production output, calculated by the total hours that machinery is operated in the production of goods.
Single Plantwide Factory Overhead Rate
A method of allocating factory overhead to all units produced across an entire plant, using a single, uniform rate.
Direct Labor Hours
A measure of the total hours worked by workers who are directly involved in the manufacturing process.
Small Table Lamp Production
The manufacturing process involved in creating small, portable lighting devices designed to stand on tables.
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