Which of the following reports specifies production cost variances?

One advantage of simulation modeling is:

A) it allows the user to conduct a "what if" analysis. B) the many simplifying assumptions that are often made when using it. C) the fact that an optimal solution is reached. D) the time and cost required to make a perfectly realistic simulation

The most widely used capital budgeting technique is:

A) the payback period. B) net present value. C) internal rate of return. D) the profitability index. E) modified internal rate of return.