1. Which of the following is the correct order of the sections on a statement of cash flows?
1. Operating, financing, investing
2. Investing, operating, financing
3. Financing, investing, operating
4. Operating, investing, financing
2. Guit Comp budgeted 10,000 pounds of direct materials costing $21.50 per pound to make 5,000 units of product. The company actually used 10,200 pounds of direct materials costing $24.00 per pound to make the 5,000 units. What is the direct materials efficiency variance?
a) $4,800 unfavorable b) $4,300 unfavorable c) $4,300 favorable d) $4,800 favorable