Miller Company has an unfavorable materials price variance. Which of the following would be the least likely reason for this variance?
A) The company purchased a higher quality material than was budgeted.
B) The company could not take advantage of quantity discounts.
C) The company used more material than was budgeted for in each unit.
D) The company under budgeted the standard price for materials.
C
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The value of the sum of the deviations from the mean, i.e., 
must always be
A. less than the zero. B. negative. C. either positive or negative depending on whether the mean is negative or positive. D. zero.
In Figure 2.3, the marginal rate of transformation of autos into wheat is
a. one and two-thirds. b. two and one-third. c. three fifths. d. three sevenths.
If a customer returns merchandise which has already been paid for, the retailer may give either a cash refund or a credit on account
a. True b. False Indicate whether the statement is true or false
Which of the following is TRUE of the internal control component—information system?
A) Internal auditors monitor company controls to safeguard assets, and external auditors monitor the controls to ensure that the accounting records are accurate. B) Control procedures are designed to ensure that the business's goals are achieved. C) Only authorized users have access to various parts of the information system. D) The information system is the "tone at the top" or the culture of the business.