Bruer Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of activity (i.e., cost drivers), namely guests and jeeps. One vehicle used in one tour on one day counts as a jeep. Each jeep has one tour guide. The company uses the following data in its budgeting:
In November, the company budgeted for 386 guests and 181 jeeps. The actual activity for the month was 392 guests and 158 jeeps.
Required:
Prepare a report showing the company's activity variances for November. Label each variance as favorable (F) or unfavorable (U).

The majority of productive conversations take place offline.

Sales of $350,000 and net sales of $323,000 could reflect sales discounts of $27,000.

Which of the following is an effect of an increase in the price level in an economy?

A) The real value of dollar-denominated assets will increase.
B) The aggregate expenditure line will shift upward.
C) The equilibrium real gross domestic product will decrease.
D) There will be downward movement along a particular aggregate demand curve.
E) The aggregate demand curve will shift rightward.

If a recessionary GDP gap exists,which of the following sets of policies should the Federal Reserve Board pursue?

A) Sell government securities,lower the discount rate,and lower the required reserve ratio.
B) Sell government securities,lower the discount rate,and raise the required reserve ratio.
C) Buy government securities,raise the discount rate,and lower the required reserve ratio.
D) Buy government securities,lower the discount rate,and lower the required reserve ratio.
E) Buy government securities,lower the discount rate,and raise the required reserve ratio.

Puvo, Incorporated, manufactures a single product in which variable manufacturing overhead is assigned on the basis of standard direct labor-hours. The company uses a standard cost system and has established the following standards for one unit of product: During March, the following activity was recorded by the company:The company produced 2,400 units during the month.A total of 19,400 pounds of material were purchased at a cost of $13,580.There was no beginning inventory of materials on hand to start the month; at the end of the month, 3,620 pounds of material remained in the warehouse.During March, 1,090 direct labor-hours were worked at a rate of $30.50 per hour.Variable manufacturing overhead costs during March totaled $14,061.The direct materials purchases variance is computed when the materials are purchased.The materials price variance for March is:

A) $1,940 Unfavorable
B) $1,940 Favorable
C) $1,750 Favorable
D) $1,750 Unfavorable

A newspaper article hints that a certain corporation is a front for illegal activity. The corporation:

A) will lose a defamation suit because only natural persons can successfully bring defamation suits.
B) will likely win a defamation suit if the statement is untrue.
C) will likely lose a defamation suit because the press has an absolute privilege in this type of case.
D) can win an invasion of privacy suit even if the statement is true.

Which one of the following need not be disclosed for reportable segments?

A) interest revenue and expense
B) profit or loss
C) capital expenditures for long-lived assets
D) seasonal revenues