Statement I: Processing a Teller Transaction Costs More Than Double

question 150

Multiple Choice

Statement I: Processing a teller transaction costs more than double what an ATM transaction costs.
Statement II: In 2009 there were about 425,000 ATMs in the U.S.

• A)Statement I is true and statement II is false.
• B)Statement II is true and statement I is false.
• C)Both statements are true.
• D)Both statements are false.

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Definitions:

Labor Cost Variance

The difference between the actual labor costs incurred and the standard labor costs for the actual production achieved; it is used for monitoring labor performance.