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 $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

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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