Problem
• Calculate and explain direct material and direct labor variances
• Evaluate an investment using all four methods
View the TED video: Accounting for Nature "Put a value on nature!" by Pavan Sukhdev.
Write a 750 words essay on your reactions to this call for change in our accounting systems to truly account for the costs of production. Do you think this is realistic? What value would obtain from following the practices being proposed. Where do you think firms might struggle with this approach?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.