Varcoe Corporation bases its budgets on the activity measure customers served. During September, the company planned to serve 30,000 customers, but actually served 25,000 customers. Revenue is $3.80 per customer served. Wages and salaries are $34,100 per month plus $1.20 per customer served. Supplies are $0.50 per customer served. Insurance is $8,300 per month. Miscellaneous expenses are $6,400 per month plus $0.20 per customer served.Required:Prepare a report showing the company's activity variances for September. Indicate in each case whether the variance is favorable (F) or unfavorable (U).

The Accounts Payable account is:

A) a capital, and it has a normal debit balance.
B) a withdrawal, and has a normal credit balance.
C) a liability, and it has a normal debit balance.
D) a liability, and it has a normal credit balance.

An example of mechanism design is

A) a non-profit charity that pays all employees a low fixed salary.
B) welfare policy that has no limits on the amount of time a person can collect benefits.
C) health insurance with co-pays.
D) lower prices for airline ticket purchases made several months prior to the travel date.

A key element of clientelling is empowering salespersons to provide an exceptional experience for the customer.

Which team below is comprised of a group of workers from different units with various areas of expertise to work on certain projects?

A) cross-functional team
B) self-managing team
C) problem-solving team
D) virtual team

Buyers of listed options ________ required to post margins, and writers of naked listed options ________ required to post margins.

A) are; are not
B) are; are
C) are not; are
D) are not; are not

A corporate bond is listed in the Wall Street Journal and shows an ask price of 98.62. If the corporate bonds have a par value of $1,000, what dollar amount should a buyer expect to pay?

A) $98.62
B) $986.20
C) $1,000.00
D) $1,081.25
E) $1,140.40

Which of the following statements regarding finite capacity scheduling (FCS) is false?

A) Finite capacity scheduling is well suited for dynamic scheduling environments.
B) Finite capacity scheduling overcomes the disadvantages of systems based exclusively on rules.
C) Finite capacity scheduling is very powerful, but does not allow for rapid changes.
D) Finite capacity scheduling often gets its data from the output of an MRP system.
E) None; all of the above are true.

Merchandise Inventory is a liability account.