Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The total annual cost of airplane maintenance is wrong and I don't know where I messed up. please help Verdana 9 v AA Aav Po

image text in transcribed

image text in transcribed

The total annual cost of airplane maintenance is wrong and I don't know where I messed up. please help

Verdana 9 v AA Aav Po = 21 1 Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Subtle Em... Emphasis B IV e X, X X APA- Styles Font Paragraph erver storage quota has been exceeded. Save a Copy Changing the Cost Formula for a Month to the Cost Formula for a Year During the past year, the high and low use of three different resources for Fly High Airlines occurred in July and April. The resources are airplane der The number of airplane flight hours is the driver. The total costs of the three resources and the related number of airplane flight hours are as follows Airplane Flight Hours Resource Total Cost Airplane depreciation: High 44,000 $ 19,000,000 Low 28,000 $ 19,000,000 Fuel: High 44,000 445,896,000 Low 28,000 283,752,000 Airplane maintenance: High 44,000 16,680,000 Low 28,000 11,768,000 Required: If required, round calculations and answers to nearest dollar. 1. Develop an annual cost formula for airplane depreciation. Total annual cost of airplane depreciation 12 x ($ 19,000,000 ) Develop an annual cost formula for fuel. Total annual cost of fuel - $ 10,134 x Annual number of airplane flight hours Develop an annual cost formula for airplane maintenance. Otal annual cost of airplane maintenance 12 xs DB 3.172.000 307 * Annual number of airplane flight hours e to search Focus O w dx 9 9 Verdana A A Aa A 21 BIUX, X APA AA EE 1 Normal 1 No Spac... Heading 1 Heading 1 Heading 2 Subtle Em... Emphasis Title Subtitle Font Paragraph Styles erver storage quota has been exceeded. Save a Copy Low ) 28,000 283,752,000 Airplane maintenance: High 44,000 16,680,000 Low 28,000 11,768,000 Required: If required, round calculations and answers to nearest dollar. 1. Develop an annual cost formula for airplane depreciation. Total annual cost of airplane depreciation = 12 X($ 19,000,000 Develop an annual cost formula for fuel. Total annual cost of fuels 10,134 x Annual number of airplane flight hours Develop an annual cost formula for airplane maintenance. tal annual cost of airplane maintenance 12 x 3,172,000 VES 307 x Annual number of airplane flight hours) 2. Using the three annual cost formulas that you developed, predict the cost of each resource in a year with 487,000 airplane flight hours. Total annual cost of airplane depreciation $ 228,000,000 Total annual cost of fuel $ 4,935,258,000 V Total annual cost of airplane maintenance $4,973,322,000 X X L Focus co search O EH W

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Accounting questions