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Phil Is Not Meeting the Stated Goals of His Program

question 9

Multiple Choice

Phil is not meeting the stated goals of his program.He is simply not achieving the levels of progress set forth in his treatment plan.The correct procedure as pertains to the treatment plan is:​

Differentiate between favorable and unfavorable variances and understand their financial implications.
Evaluate the efficiency of resource use through the calculation of direct materials and direct labor variances.
Understand the principles of imputed interest and its applicability in financial transactions.
Recognize the GAAP requirements for recording accounts and notes receivable.

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