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Ranger Company produces men's shirts. The following budgeted and actual amounts are for 2010:
Cost Budget at 2,500 units Actual Amounts at 2,900 unitsDirect materials $55,000 $65,500Direct labor 70,000 81,000Fixed overhead 35,000 34,500
Instructions:
Prepare a performance report for Ranger Company for the year.
Which of the following is a true statement about governmental units that issue tax-supported debt to finance capital projects?
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