Kirkeby 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.
Variable
Fixed Element per
Element Container
per Month Refurbished
$4,700
$44,200 $1,300
$ 700
$30,400
Revenue
Employee salaries and wages
Refurbishing materials
Other expenses
When the company prepared its planning budget at the beginning of May, it assumed that 32 containers would have been refurbished. However, 34 containers
were actually refurbished during May
The "Refurbishing materials in the flexible budget for May would have been closest to:

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business.true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.