Thinking of a trip that you or someone you know, is planning on taking. In planning...

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Accounting

Thinking of a trip that you or someone you know, is planning ontaking. In planning a budget for the trip, what types of costsshould be included in the budget? List at least five costs.Classify the costs as either fixed or variable, explaining what thevariable cost drivers are.

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Solution Costs to be considered in planning a budget for a trip 1 Accommodation and lodging It includes choosing the type of accommodation you prefer whether its hotels hostels or guesthouses or apartment rentals and the rates are usually based on number of nights of stay Hence its a variable cost driven by number of See Answer

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Thinking of a trip that you or someone you know, is planning on taking. In planning...

70.2K

Verified Solution

Question

Accounting

Thinking of a trip that you or someone you know, is planning ontaking. In planning a budget for the trip, what types of costsshould be included in the budget? List at least five costs.Classify the costs as either fixed or variable, explaining what thevariable cost drivers are.

Answer & Explanation Solved by verified expert

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