2-16. ABC Airlines has determined both the fixed and variable costs per flying hour associated with flying each of the 10 different types of aircraft in their fleet. How might this type of information be useful in determining the costs associated with flying different aircraft on specific routes?

Ref: Managerial Accounting: Creating Value in a Dynamic Business Enviroment (10th ed), 2014 Hilton, Ronald W. and Platt, David E.

Problem 2-43 at the end of Chapter 2. Build or use an existing Excel Spreadsheet and complete requirements 1 and 2