It is the end of . Corporation began operations in January . The company is so named because it has no variable costs. All its costs are​ fixed; they do not vary with output. Corp. is located on the bank of a river and has its own hydroelectric plant to supply​ power, light, and heat. The company manufactures a synthetic fertilizer from air and river water and sells its product at a price that is not expected to change. It has a small staff of​ employees, all paid fixed annual salaries. The output of the plant can be increased or decreased by pressing a few buttons on a keyboard. The following budgeted and actual data are for the operations of .
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