7pts) Dublin Air uses two measures of activity, flights and passengers, in the cost formulas in its budgets andperformance reports. The cost formula for plane operating costs is $36,210 per month plus $2,052 per flightplus $1 per passenger. The company expected its activity in October to be 81 flights and 231 passengers, butthe actual activity was 80 flights and 236 passengers. The actual cost for plane operating costs in October was$196,000. The activity variance for plane operating costs in October would be closest to:A) $2,047 FB) $6,653 UC) $2,047 UD) $6,653 F-

Answered: Image /qna-images/answer/81855502-c820-47bb-b2c3-8e68c68cb612.jpg

Answered: 7pts) Dublin Air uses two measures of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Bluemel 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 $43,670 per month plus $2,879 per flight plus $10 per passenger. The company expected its activity in December to be 85 flights and 281 passengers, but the actual activity was 90 flights and 278 passengers. The actual cost for plane operating costs in December was $314,740. The plane operating costs in the flexible budget for December would be closest to: Multiple Choice $314,740 $308,324 $305,560 $291,195
Standahl 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 $39,590 per month plus $2,649 per flight plus $4 per passenger. The company expected its activity in August to be 82 flights and 294 passengers, but the actual activity was 85 flights and 297 passengers. The actual cost for plane operating costs in August was $255,690. The plane operating costs in the flexible budget for August would be closest to: Multiple Choice $265,943 $255,690 $267,422 $257,984
Canniff 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 $56,560 per month plus $2,618 per flight plus $5 per passenger. The company expected its activity in February to be 63 flights and 254 passengers, but the actual activity was 62 flights and 255 passengers. The actual cost for plane operating costs in February was $218,820. The plane operating costs in the planning budget for February would be closest to: Multiple Choice $218,820 $222,349 $222,764 $220,151
Canniff 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 $57,210 per month plus $2,644 per flight plus $5 per passenger. The company expected its activity in February to be 72 flights and 280 passengers, but the actual activity was 71 flights and 281 passengers. The actual cost for plane operating costs in February was $245,290. The plane operating costs in the planning budget for February would be closest to: Multiple Cholce $248,978 $247.934 $246,339 $245.290 1:53 PM nere to search W 74°F Mostly sunny 10/20/2021 DELL
Canniff 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 $57,060 per month plus $2,638 per filight plus $8 per passenger. The company expected Its activity In February to be 69 filghts and 274 passengers, but the actual activity was 68 flghts and 275 passengers. The actual cost for plane operating costs in February was $237,330. The plane operating costs In the planning budget for February would be closest to: Multiple Cholce $241,274 $239,968 $238,644 $237.330
Canniff 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 $56,760 per month plus $2626 per flight plus $9 per passenger. The company expected its activity in February to be 63 flights and 262 passengers, but the actual activity was 62 flights and 263 passengers. The actual cost for plane operating costs in February was $220,700. The plane operating costs in the planning budget for February would be closest to:
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 $36,210 per month plus $2,052 per flight plus $1 per passenger. The company expected its activity in October to be 81 flights and 231 passengers, but the actual activity was 80 flights and 236 passengers. The actual cost for plane operating costs in October was $196,000. The activity variance for plane operating costs in October would be closest to:
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 $60,050 per month plus $3,270 per flight plus $13 per passenger. The company expected its activity in November to be 86 flights and 260 passengers, but the actual activity was 89 flights and 262 passengers. The actual cost for plane operating costs in November was $343,650. The spending variance for plane operating costs in November would be closest to:
Standahl 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 $39,590 per month plus $2,649 per flight plus $4 per passenger. The company expected its activity in August to be 82 flights and 294 passengers, but the actual activity was 85 flights and 297 passengers. The actual cost for plane operating costs in August was $255,690. The spending variance for plane operating costs in August would be closest to:
Veritas Company constructed the following formula for its monthly utility cost. Total utility cost $2,100 + ($5.50 x Labor hours) Assume that 557 labor hours are budgeted for the month of April. If Botana Company incurs 12,600 labor hours for the year, what would be the estimate of total utility cost for the year?
TB MC Qu. 9-346 (Static) Standahl Air uses two measures ... Standahl 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 $39,590 per month plus $2,649 per flight plus $4 per passenger. The company expected its activity in August to be 82 flights and 294 passengers, but the actual activity was 85 flights and 297 passengers. The actual cost for plane operating costs in August was $255,690. The spending variance for plane operating costs in August would be closest to: Multiple Choice $2,294 U О $10,253 U
Botana Company constructed the following formula for its monthly utility cost. Total utility cost = $1,200 + ($8.10 × Labor hours) Assume that 775 labor hours are budgeted for the month of April. If Botana Company incurs 9,600 labor hours for the year, what would be the estimate of total utility cost?

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

Accounting

ISBN:

9781337272094

Author:

WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.

Publisher:

Cengage Learning,

Accounting Information Systems

Accounting

ISBN:

9781337619202

Author:

Hall, James A.

Publisher:

Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…

Accounting

ISBN:

9780134475585

Author:

Srikant M. Datar, Madhav V. Rajan

Publisher:

PEARSON

Intermediate Accounting

Accounting

ISBN:

9781259722660

Author:

J. David Spiceland, Mark W. Nelson, Wayne M Thomas

Publisher:

McGraw-Hill Education

Financial and Managerial Accounting

Accounting

ISBN:

9781259726705

Author:

John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles

Publisher:

McGraw-Hill Education

SEE MORE TEXTBOOKS