In trend projection, a negative regression slope is mathematically impossible

When the auditor is attempting to determine the extent to which external users rely on a client's financial statements, they may consider several factors except for

A) client size. B) concentration of ownership. C) nature and amounts of liabilities. D) assessment of detection risk.

Perry Moldings has the following estimated costs for the upcoming year:

Direct labor costs $62,000 Direct materials used $25,000 Salary of factory supervisor $39,000 Sales commissions $8,000 Heating and lighting costs for factory $22,000 Depreciation on factory equipment $5,000 Advertising expense $33,000 The company estimates that 1,200 direct labor hours will be worked in the upcoming year, while 2,000 machine hours will be used during the year. The predetermined manufacturing overhead rate per machine hour is closest to A) $52. B) $97. C) $14. D) $33.