Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. bobe air uses two measures of activity, flights

1. Bobe Air uses two measures of activity, flights and passengers, in the cost formulas...

60.1K

Verified Solution

Question

Accounting

1. Bobe 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 $48,400 per month plus $2,920 per flight plus $5 per passenger. The company expected its activity in May to be 50 flights and 213 passengers, but the actual activity was 53 flights and 212 passengers. The actual cost for plane operating costs in May was $203,405. The plane operating costs in the planning budget for May would be closest to:

2.

Adi Manufacturing Corporation is estimating the following raw material purchases for the final four months of the year:

September $990,000
October $948,000
November $932,000
December $940,000

At Adi, 25% of raw materials purchases are normally paid for in the month of purchase. The remaining 75% is paid for in the month following the purchase. In Adi's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Internal control procedures are important in every business. At what stage in the development of a...

Accounting
Q

Sensory Questions: What changes in pain might occur with an injury? Why might we see changes in...

Medical Sciences
Q

Please briefly answer all the questions below ,and writing those more clearer and tidier (It...

Physics
Q

What conclusions can you draw from comparing the two graphs on page 4 of the...

Biology
Q

A checking account with two or more owners is called a n O joint account...

Basic Math
Q

Coronado Railroad Co. is about to issue $570,000 of 10-year bonds paying an 7% interest...

Accounting
Q

1) Blanton Corporation increased its financial leverage during 2010 by taking out a loan and...

Accounting
Q

Feathered Friends makes backyard bird feeders. The company sells the bird feeders to home improvement...

Accounting
Q

Fabio Corporation is considering eliminating a department that has a contribution margin of $31,000 and...

Accounting
Q

Rob owns an individual disability insurance policy with an annual premium of $3,500. The plan...

Finance
Q

Allocate each of the three indirect expenses to the four departments

Accounting
Q

Divide the sum of income before income tax and interest expense by interest expense.

Accounting