Kate was responsible for hiring a fireworks company to put on a show at the end of the local college team's homecoming game. When a student was hurt from a falling firework, his parents sued. Kate then discovered that the fireworks' company's Insurance coverage had lapsed. What type
of risk led to this complication?
risk hampered Kate's decision.

Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: