Question
Each year a large clothing store in Toronto,Canada sends its top five sales person on a five day all inclusive retreat in Banff, Alberta.The retreat
Each year a large clothing store in Toronto,Canada sends its top five sales person on a five day all inclusive retreat in Banff, Alberta.The retreat begins in the third monday in December 2021 and ends the following friday afternoon..The company must purchase five coach -class airline tickets from Toronto ontario to calgary Alberta.The total budgetted airfare for the trip is $5,000 for five tickets.As the assistant in charge of purchasing the tickets,. Find the lowest fare between the two airlines for a round - trip flight leaving the third Monday morning in December 2021 and returning friday evening in the same week. On the basis of the lowest fare,calculate the total spending variance related to the ticket purchase.Is it favorable or unfavorable ? Does the standars seem resonable given current ticket prices? What factors might determine whether the price variance is favorable or unfavorable?
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