Highland Company's standard cost is $250,000. The allowable deviation is ±10%. Its actual costs for six months are as follows January $235,000 February 220,000 March 245,000 April 265,000 May 270,000 June 280,000 The actual cost which is lower than the lower control limit is .

Match each definition in column 1 with a vocabulary word from column 2." some of the entries in column 2 do not apply costs which do not change with the level of output costs which change with the level of output the change in total costs resulting from an increase in output by one unit function showing the quantities of a particular good demanded at a range of price when the quantity supplied of a good is greater than the quantity demanded when the quantity demanded for a particular good is greater than the quantity supplied the price and quantity determined in a market when the supply equals the demand when revenue exceeds costs when costs exceeds revenue output where revenue = costs