Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Groupe 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
image text in transcribed
Groupe 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 $36,310 per month plus $2,072 per flight plus $1 per passenger. The company expected its activity in October to be 91 flights and 241 passengers, but the actual activity was 90 flights and 246 passengers. The actual cost for plane operating costs in October was $220,010. The activity variance for plane operating costs in October would be closest to: Multiple Choice O $2,067 F O $5,093 U $5.093 F $2.067 U

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

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

Recommended Textbook for

Accounting Reform In Transition And Developing Economies

Authors: Robert W. McGee

1st Edition

0387257071, 9780387257075

More Books

Students also viewed these Accounting questions

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago