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A company's production department was experiencing a high defect rate on the assembly line, which was slowing down production and causing wastage of valuable direct materials

The production manager decided to purchase a higher grade of materials that would be more reliable, but he was worried that the cost of the new materials might negatively affect operating income. This would produce a(n) ________. A) unfavorable direct materials cost variance B) favorable direct labor cost variance C) favorable direct labor efficiency variance D) unfavorable direct materials efficiency variance

All the information on the brokerage trust accounts will be listed in the journal.

a. true b. false