7. Which two of the following are the least likely to occur when using cloud accounting? A. Data may be hacked because the software has not been updated B. Data may be lost or stolen because of a security breach C. The internet service provider may suffer long periods of outage D. Data may be lost because of a failure to back-up E. Privacy may be breached because laws differ between countries 10. Rymote imports a single product for resale within its home market. The product is imported in bulk and Rymote has to repackage the products into single plastic blister packs before distributing them to its customers. Rymote operates a standard costing system and extracts from the standard cost budget are: Plastic raw material 50g at 20 per kg Labour 6 minutes at 12 per hour = 1 = 1.20 In Rymote's latest reporting period 23,000 units were repackaged. During that period there was an adverse labour efficiency variance of 480 and a favourable total material variance of 700. What was the cost of raw materials in the latest reporting period? OA. 22,000 OB. 22,300 OC. 22,600 OD. 23,000 11. Colin is a senior employee within the finance department of a publicly listed company and a member of ICAEW. Colin's friend from university is trying to secure employment and has asked Colin to give him a fictitious job reference to assist his search. If Colin were to do this, which one of ICAEW's fundamental ethical principles would he breach? A. Objectivity B. Integrity C. Confidentiality D. Professional behaviour