Apostle customers are those who are completely satisfied and have a high loyalty and are very supportive of the company
Indicate whether the statement is true or false
TRUE
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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:
A. $222,349 B. $220,151 C. $218,820 D. $222,764
An organization buying its raw material from many suppliers is likely to face a decrease in
profits due to the bargaining power held by suppliers. Indicate whether the statement is true or false
In companies that provide defined benefit plans, if the funding is inadequate to pay the benefits promised, the employees must make up the shortfall.
Answer the following statement true (T) or false (F)
Bristo Corporation has sales of 2,000 units at $35 per unit. Variable expenses are 40% of the selling price. If total fixed expenses are $22,000, the degree of operating leverage is:
A. 0.79 B. 3.50 C. 2.10 D. 1.40