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add notes Real life application Brad drives from his home to his college campus as a commuter student. He took 20 round trips in October.
add notes Real life application Brad drives from his home to his college campus as a commuter student. He took 20 round trips in October. The standard quantity of gasoline is 0.5 gallon per round trip if there is no traffic. Nevertheless, Brad always had the ability to get himself stuck in the traffic and ended up using a total of 14 gallons in October. The standard gas cost is $2/gallon. However, due to the rising energy cost, the actual gas price was $2.5/gallon in October. Requirement: Calculate the price variance and quantity variance for the gas cost in October. 1125
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