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Venanzi 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 $40,720 per month plus $2,646 per flight plus $11 per passenger. The company expected its activity in September to be 62 flights and 288 passengers, but the actual activity was 64 flights and 289 passengers. The actual cost for plane operating costs in September was $214,430. The activity variance for plane operating costs in September would be closest to:
A) $5,303 F
B) $6,490 F
C) $6,490 U
D) $5,303 U
The following standards for variable manufacturing overhead have been established for a company that makes only one product:
Amortizing a net loss for pensions will: A) increase retained earning and increase accumulated other comprehensive income B) decrease retained earning and decrease accumulated other comprehensive income
The amount of overhead cost that the company applied to work in process for October was:
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Fritz is seriously considering bankruptcy because he has a large number of outstanding debts, the principal ones of which are as follows.
Discuss the similarities and differences between the indicators of finance leases under IFRS and the criteria for capitalizing leases under U.S. GAAP and explain which approach you believe most accurately reflects the information on the financial ..
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