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You have been given the two years data of XYZ company as follows:
2005 2004
Net sales 1,493,622 1,403,243
Assets:
Beginning of the year 1,039,731 889,584
End of year 1,1143701 1,039,731
Question 1: Calculate the Total Assets Turnover ratio for both years and interpret your Answer.
The company actually used 630 pounds of direct materials costing $30.00 per pound to make the 7,000 units. What is the direct materials quantity variance
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