1) Arrange a profit-variance report. Develop an analysis which explains David's performance for the year ended December...
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Question:
1) Arrange a profit-variance report. Develop an analysis which explains David's performance for the year ended December 31, 2016.
2. Calculate and provide a concise interpretation of each variance.
a) Price and efficiency variances for materials and labor.
b) Spending and product volume variances for fixed overhead costs.
3. Suggest 2-3 non-financial measures for evaluating the store's performance and briefly discuss how they will complement the financial performance information.
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