Use the High Closing Values of Naristar Inc

question 35

Essay

Use the high closing values of Naristar Inc. stock from the years 1990 - 2001 to construct a time-series graph.
(Let x = 0 represent 1990 and so on.) Identify a trend. $$\begin{array} { c | c | c | c } \text { Year } & \text { High } & \text { Year } & \text { High } \\\hline 1990 & 42 & 1996 & 47 \\1991 & 40 & 1997 & 60 \\1992 & 31 & 1998 & 61 \\1993 & 42 & 1999 & 57 \\1994 & 44 & 2000 & 54 \\1995 & 47 & 2001 & 30 \\\hline\end{array}$$

Interpret variances to identify areas of performance that are above or below expected levels, providing insight into production efficiency and cost management.

Apply the principles of standard costing in real-world scenarios to make informed financial and managerial decisions.

Understand the concept of standard costing and its applications in manufacturing settings.

Identify and compute various types of variances related to materials, labor, and overhead.