The Barings Bank collapsed in 1995 after it was found that an employee had lost over $1.3 billion of the bank’s assets on the market. The collapse occurred when an arbitrage trader was responsible for both managing trades and guaranteeing that trades were settled and reported according to proper procedures. To which of the following causes is this collapse attributed?

A) poor risk assessment
B) lack of access management
C) lack of separation of duties
D) poor controls design

Miller company’s total sales are $171,000. the company’s direct labor cost is $20,520, which represents 30% of its total conversion cost and 40% of its total prime cost. its total selling and administrative expense is $25,650 and its only variable selling and administrative expense is a sales commission of 5% of sales. the company maintains no beginning or ending inventories and its manufacturing overhead costs are entirely fixed costs. required: 1. what is the total manufacturing overhead cost? 2. what is the total direct materials cost? 3. what is the total manufacturing cost? 4. what is the total variable selling and administrative cost? 5. what is the total variable cost? 6. what is the total fixed cost? 7. what is the total contribution margin?