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Communicate Ethically and ResponsiblyThomas is the CEO of AZ Consultancy Services, a recently opened information technology service corporation in California, US.Thomas wants to recruit 100 engineering graduates in the next few months. So, he creates a brochure that would be distributed throughout the state for awareness. He wants Steve, a senior data analyst in the same company, to help create the brochure. Steve does not know how to create a brochure. So he decides to ask Alan to create a checklist for him on how to create a brochure and how to communicate a message ethically and responsibly. Provide guidelines to help Steve communicate the information ethically and responsibly.
Materials Price Variance
The difference between the actual cost of materials and the expected (standard) cost of materials used in production.
Materials Quantity Variance
The difference between the actual quantity of materials used in production and the expected quantity, which can affect costs.
Actual Price
The real price at which a transaction occurs, as opposed to an estimated or listed price.
Direct Materials
Raw materials that can be directly traced to the production of specific goods or services, reflecting in the cost of goods sold.
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