Essentials of Business Communication (MindTap Course List)
Essentials of Business Communication (MindTap Course List)
11th Edition
ISBN: 9781337386494
Author: Mary Ellen Guffey, Dana Loewy
Publisher: Cengage Learning
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Chapter 9, Problem 9.4AAC
Summary Introduction

To determine:-

A summary of a five pages long article from a professional journal in a memo format addressed to Marilyn Edelman.

Introduction:-

For short informal reports, memo format is the most suitable and appropriate. The main points from a book, report, article, website, meeting or convention are compressed in summaries. At the end of each book, we often find the summary of the chapters. It is nothing but whatever we have learned or read in the book presented in a short form.

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Arlington Corp. has determined a standard direct materials cost per unit of $7.50 (2.5 feet at $3.00 per foot). Last month, Arlington purchased and used 5,000 feet of direct materials, for which it paid $16,000. The company produced and sold 1,950 units during the month. Calculate the direct materials price variance, direct materials quantity variance, and direct materials spending variance.
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