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TransPacific Alrlines (TPA) budgeted 150 million passenger miles, or 5% of the total market for the year just completed, at a contribution margin of 110

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TransPacific Alrlines (TPA) budgeted 150 million passenger miles, or 5% of the total market for the year just completed, at a contribution margin of 110 cents per mile. The budgeted average price was 122 cents per passenger mile. The operating data for the year show that TPA flew 129.60 million passenger miles with an average price of 76 cents per passenger mile. The terrorist activity in the early part of the year in several countries in the region decreased the total miles flown by all alrlines for the year by 10%. There is no flexible-budget variance for all costs. Required: 1. In an effort to understand the operating results, you are asked to compute the following. (Do not round intermediate caiculations. Enter your answers in whole dollars.)

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