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Stellar Packaging Products' controller, Robin Simmons, recently completed the direct materials and direct labor variance analyses for the current period. The direct materials price variance for plastic was unfavorable; the direct materials efficiency variance for plastic was favorable. In addition, the direct labor price variance was unfavorable; the direct labor efficiency variance was favorable.
Often variances occur simultaneously and provide insight regarding the performance for the period. Indicate one reason for each of two of these variances and ensure your explanation is interrelated, meaning the two events giving rise to the variance occurred simultaneously in a cause and effect manner.
Write a 3 to 4 sentence paragraph.
equipment acquired on january 3 2007 at a cost of 504000 has an estimated useful life of 12 years has an estimated
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Assets that the governing board of a public university, rather than a donor or other outside agency, has determined are to be retained and invested for future scholarships would be reported as:
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How are the income statement and statement of cash flows used to make business decisions? What are the advantages and limitations of using them to make decisions affecting the future of a business?
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