Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hirons Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane

image text in transcribed

Hirons Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets and performance reports. The cost formula for plane operating costs is $59,300 per month plus $3,160 per flight plus $18 per passenger. The company expected its activity in November to be 81 flights and 250 passengers, but the actual activity was 84 flights and 252 passengers. The actual cost for plane operating costs in November was $318,250. The spending variance for plane operating costs in November would be closest to: Multiple Choice 0 $1,510 U 0 $11,026 U 0 $11,026 F 0 $1,510 F

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Audit And Accounting Guide Employee Benefit Plans

Authors: American Institute Of Certified Public Accountants

1st Edition

0870515756, 978-0870515750

More Books

Students also viewed these Accounting questions

Question

What are some of the possible scenes from our future?

Answered: 1 week ago