ow, what should the maximum budgeted food costs be?

How does a flexible budget based on two cost drivers differ from a flexible budget based on asingle cost driver?

A standard price is the same as a(n): budgeted price actual price budgeted quantity favorable price actual rate

Which of the following is not another way of describing the marginal propensity to consume?   a. autonomous consumption spending   b. the slope of the consumption function   c. the amount by which real consumption spending rises when real disposable income increases by one dollar   d. MPC   e. the change in real consumption spending divided by the change in real disposable income

What is the difference between a direct cost and an opportunity cost?  Can you show the difference between these costs by sharing  one (1) out-of-pocket cost and one (1) opportunity cost for something you did today?

s Kristen Lu purchased a used automobile for $28,150 at the beginning of last year and incurred the following operating costs: Depreciation ($28,150+ 5 years) Insurance Garage rent Automobile tax and license Variable operating cost $ 5,630 $ 2,900 $ 1,500 $ 770 $ 0.07 per mile The variable operating cost consists of gasoline, oil, tires, maintenance, and repairs. Kristen estimates that, at her current rate of usage, the car will have zero resale value in five years, so the annual straight-line depreciation is $5,630. The car is kept in a garage for a monthly fee. Average fixed cost per mile Variable operating cost per mile Average cost per mile Required: 1. Kristen drove the car 27,000 miles last year. Compute the average cost per mile of owning and operating the car. (Round your answers to 2 decimal places.)