Wisseman corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. the company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. fixed element per month variable element per container refurbished revenue $ 5,300 employee salaries and wages $ 55,100 $ 900 refurbishing materials $ 600 other expenses $ 41,200 when the company prepared its planning budget at the beginning of september, it assumed that 28 containers would have been refurbished. however, 26 containers were actually refurbished during september. the activity variance for total expenses for september would have been closest to
$400 f
$400 u
$3,000 u
$3,000 f

The new york times (nov. 30, 1993) reported that “the inability of opec to agree last week to cut production has sent the oil market into turmoil . . [leading to] the lowest price for domestic crude oil since june 1990.” why were the members of opec trying to agree to cut production? so they could save more oil for future consumption so they could lower the price so they could raise the price why do you suppose opec was unable to agree on cutting production? because each country has a different production capacity because each country experiences different production costs because each country has an incentive to cheat on any agreement the newspaper also noted opec’s view “that producing nations outside the organization, like norway and britain, should do their share and cut production.” what does the phrase “do their share” suggest about opec’s desired relationship with norway and britain? opec would like norway and britain to keep their production levels high. opec would like norway and britain to act competitively. opec would like norway and britain to join the cartel.