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The results of substantive testing of sales invoices at City Electronics are shown in the following completed table of projected errors: Stratum 1 2 3

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The results of substantive testing of sales invoices at City Electronics are shown in the following completed table of projected errors: Stratum 1 2 3 Total Error Found $7,930 $3.290 $8,600 $19.820 Sample Total Value $101.170 $41,990 $62,840 $206,000 Stratum Total Value $128,660 $76,830 $162 280 $367.770 Which of the following are true given the above results? The projected error can be quantified. The projected error cannot be quantified The projected error is same as the sampling error If the tolerable error is set at $80.000. the error in the above sample is greater than tolerable error. If tolerable error is set at $20,000, the auditor will need to do more testing. The auditor needs to consider if the errors are anomalies

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