Required a. "Item 6. Selected Financial Data" lists data for several measures of activity. List the items from this table that might be used by Southwest as an activity base for CVP analysis. b. Of the activity bases that you identified for Requirement a, which do you think would work best for performing CVP at Southwest? Explain the rationale for your choice. decimal places. percent? Explain. and, therefore, allow readers to compare the Company's performance against its results for prior periods, as well as against the performance of the Company's peers. . (a) A reverue passenger mue is one payng passenger nown one mue. Also reterrea to as "tramc," wnch is a messure or cemana ror a given pernoa (b) An available seat mile is one seat (empty or full) flown one mile. Also referred to as "capacity," which is a measure of the spoce available to carry passengers in a given period. (c) Revenue passenger miles divided by available seat miles. (d) Seats flown is calculated using total number of seats available by aircraft type multiplied by the total trips flown by the same aircraft type during a particular period. (e) Sezts per trip is calculated by dividing seats flown by trips flown 38 the special revenue adjustment, RASM would bave been 14.11 cents for the year ended 2015