Parts Inventory: Auditing Cycle-Count Variances

Parts Inventory: Auditing Cycle-Count Variances

Original quantitative topic practice in English. All 24 questions are included in a shuffled order. Each question supplies its own data and model assumptions; use only those assumptions. Choose one answer. Practice target: 20/24, not an official examination pass mark. Keep full intermediate precision. These exercises cover the calculation scope in the title; they do not constitute a full Red Seal examination, trade qualification, site design or operating specification.
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A bin's book balance at the count cut-off is 100 units. A count made later finds 109 units. Between cut-off and count, 18 units were received and 6 issued; neither movement belongs in the cut-off count. Each unit costs $14. Policy requires an investigation when the absolute cut-off variance exceeds 2 units. Report signed variance as physical minus book. Calculate the units by which the absolute variance exceeds the investigation threshold. Keep intermediate values unrounded; round the final answer to 4 decimal places if needed.