If you do t plan on having it for a long time, then you don’t have to worry about the maintenance issues and upkeep.
Answer:
Detailed solution is given in the tabular form below:
Answer:
The month that is lower than the lower control limit is February ($220,000).
Explanation:
Giving the following information:
Highland Company's standard cost is $250,000.
The allowable deviation is ±10%.
Actual Fixed costs:
January $235,000
February 220,000
March 245,000
April 265,000
May 270,000
June 280,000
First, we need to calculate the lower control limit:
Lower control limit= 250,000*0.9= $225,000
The month that is lower than the lower control limit is February ($220,000).
Answer:
A) the same as the accounting balance sheet, but it is based on market values.
Explanation:
The finance balance sheet is same as the accounting balance sheet but it is based on market value.
