Answered step by step
Verified Expert Solution
Question
1 Approved Answer
15 The Latiker commuter bus company uses two measures of activity, routes and commuters, in the cost formulas in its budgets and performance reports. The
15 The Latiker commuter bus company uses two measures of activity, routes and commuters, in the cost formulas in its budgets and performance reports. The cost formula for bus operating costs is $56,850 per month plus $2,880 per route plus $14 per commuter. The company expected its activity in November to be 88 routes and 256 commuters, but the actual activity was 95 routes and 269 commuters. The actual cost for bus operating costs in November was $305,100. The spending variance for bus operating costs in November would be closest to: * 01:52:37 Multiple Choice $20,342 Favorable O $29,116 Unfavorable $8,774 Favorable $8,774 Unfavorable $29,116 Favorable
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started