managerial Accounting TransPacific Airlines (TPA) budgeted 120 million passenger miles, or 5% of the...
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Accounting
managerial Accounting
TransPacific Airlines (TPA) budgeted 120 million passenger miles, or 5% of the total market for the year just completed, at a contribution margin of 80 cents per mile. The budgeted average price was 92 cents per passenger mile. The operating data for the year show that TPA flew 103.68 million passenger miles with an average price of 64 cents per passenger mile. The terrorist activity in the early part of the year in several countries in the region decreased the total miles flown by all airlines for the year by 10% There is no flexible-budget variance for all costs. Book Required: 1. In an effort to understand the operating results. you are asked to compute the following. (Do not round intermediate calculations. int Enter your answers in whole dollars.) erences Selling price variance Sales volume variance Market size variance Market share variance 4
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