Question: please answer a,b,c and d The BUS Club prepares a budget for a trip. They expect to use 10 gallons of gas and pay $3.30
please answer a,b,c and d
The BUS Club prepares a budget for a trip. They expect to use 10 gallons of gas and pay $3.30 per gallon. In addition, they estimate buying 2 meals at a cost of $150 per meal. They actually use 12 gallons and pay $3.20 per gallon and spend $330 for 3 meals. From the foregoing information, compute the following variances. Indicate whether the variance is favorable (F) or unfavorable (U): (Show your work!) a. Gasoline price variance, b. Gasoline quantity variance. c. Meal price variance, d. Meal quantity variance
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