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 $36,300 per month plus $2,070 per flight plus $1 per passenger. The company expected its activity in October to be 90 flights and 240 passengers, but the actual activity was 89 flights and 245 passengers. The actual cost for plane operating costs in October was $218,320. The activity variance for plane operating costs in October 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 $36,300 per month plus $2,070 per flight plus $1 per passenger. The company expected its activity in October to be 90 flights and 240 passengers, but the actual activity was 89 flights and 245 passengers. The actual cost for plane operating costs in October was $218,320. The activity variance for plane operating costs in October would be closest to:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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