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Just-in-Time Performance Evaluation- To control operations, Sirius Company makes extensive and exclusive use of financial...

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Accounting

Just-in-Time Performance Evaluation- To control operations, Sirius Company makes extensive and exclusive use of financial performance reports for each department. Although all departments have been reporting favorable cost variances in most periods, management is perplexed by the firm's low overall return on investment. You have been asked to look into the matter. Believing the purchasing department is typical of the company's operations, you obtained the following information concerning the purchases of parts for a product it started producing five years ago.

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