Bi-Land Company's Standard Cost Is $150,000 -Refer to the Figure

question 38

Multiple Choice

Bi-land Company's standard cost is $150,000. The allowable deviation is ±10%. The actual costs for six months are as follows:
$$\begin{array} { l r } \text { January } & \$ 135,000 \\\text { February } & 120,000 \\\text { March } & 145,000 \\\text { April } & 165,000 \\\text { May } & 170,000 \\\text { June } & 180,000\end{array}$$
-Refer to the Figure.What is the variance that is higher than the upper control limit?

• A)$135,000
• B)$145,000
• C)$150,000
• D)$170,000

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Definitions:

Loan

Borrowed capital that is expected to be repaid with interest by the borrower to the lender at a future date.

Annual Payments

Payments made once a year for any form of obligation or financial product, such as loans, leases, or insurance premiums.

Annual Return

The percentage change in an investment's value over a year, including dividends and appreciation.

Investment

Assets purchased with the expectation that they will generate income in the future or appreciate in value.