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If there is a 90 percent chance that an observed variance is random, the cost of conducting an investigation is $1,000, the cost to correct a variance if the investigation reveals a nonrandom cause, and the amount of loss a company expects to incur if it does not investigate a variance that had a nonrandom cause is $30,000, what is the expected cost of not investigating the variance?

a) $30,000.

b) $1,500.

c) $0.

d) $3,900.

e) $3,000.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943640

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