Rock Arenas uses two measures of activity, concerts and patrons, when creating the cost formulas in its budgets and perf

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Rock Arenas Uses Two Measures Of Activity Concerts And Patrons When Creating The Cost Formulas In Its Budgets And Perf 1 (23.64 KiB) Viewed 13 times

Rock Arenas uses two measures of activity, concerts and patrons, when creating the cost formulas in its budgets and performance reports. The operating costs for their group of arenas are estimated to be $57,890 per month plus $3,028 per concert held plus $18 per patron attending a concert. For 2021, Rock Arena had expected its activity to be 86 concerts with 258 patrons attending, but the actual activity was 89 concerts and 260 patrons. The actual cost for the arenas' operating costs in 2021 was $321,170. Calculate the spending variance for arena operating costs for 2021. Multiple Choice $10,892 F $1,772 F $10,892 U $1,772 U