/ in a statement of ent of cash flows, proceeds from Issuing common stock should be classified as cash flows from lending activities. operating activities. investing activities. financing activities. Purchasing and disposing of property, plant, and equipment are operating activities. Investing activities. financing activities. liquidity activities. Paying wages and salaries are operating activities. investing activities. financing activities. liquidity activities. The materials quantity variance is the difference between the actual cost of materials purchased and the standard cost of materials purchased b. the difference between the actual cost of materials used and the standard cost of materials used c. primarily the responsibility of the purchasing department. d both b and c. An unfavorable labor rate variance indicates that actual hours exceed standard hours. standard hours exceed actual hours. the actual rate exceeds the standard rate. d. the standard rate exceeds the actual rate. Budgeted production for a period is equal to the beginning inventory + sales - the ending inventory. b. the ending inventory + sales - the beginning inventory. the ending inventory + the beginning inventory - sales. d. sales - the beginning inventory + purchases