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 $56,840 per month plus $2,874 per flight plus $13 per passenger. The company expected its activity in November to be 86 flights and 255 passengers, but the actual activity was 89 flights and 257 passengers. The actual cost for plane operating costs in November was $305,100. The spending variance for plane operating costs in November would be closest to:
A. $10,867 U
B. $2,219 F
C. $2,219 U
D. $10,867 F
Answer: D
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Answer the following statement true (T) or false (F)
An individual incentive plan for a factory worker directly involved in producing a product would normally be:
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?Assuming other things are held constant, which of the following is true of bonds?
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A good is tangible if it:
a. can be seen and touched b. can be seen, but not necessarily touched c. can be found in more than one state d. is a service that anyone can perform without special training e. is inexpensive