In travel velocity find the lowest airfare for a round trip from New York City to Orlando, Florida starting Monday morning and returning Friday evening. Answer the following questions:

1. Note that the budgeted airfare for this trip is $1,400 for 5 tickets. If the company sends 5 salespeople early Monday morning first flight, returning Friday evening last flight, calculate airfare spending variance. Is it unfavorable or favorable? 2. Compare reasonableness of the standards vis--vis current ticket prices. If yes, how management might have decided the accurate budget, if not identify, what could have been done to reduce variances.