14 Check my work Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report (L09-4) 022 He Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Valenyora Operating that Tor the Hot deduty Multe Nuts Flights 5252 evenue 345.000 $16,100 311,48 51,250 Expo and salaries (5,400 + 550.000 8.00 1,000 7,900 et 151.00 1.700 1.613 1,550 Airport for 2010.033.00 2,418 2.460 Aivars depreciation 1310.000 520 500 ottice 18200 + $1.0001 420 252 210 Total 12990 12 Not operasi Theme The company measures its activity in terms of flights Customers can buy individual tickets for overflights or hire an entire plane foran overnight at a discount Required: 1. Prepare a flexible budget performance report for Juy that includes revenue and spending vanances and activity variance (Indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and "Nonefr no effectie, zero variance). Input all amounts as positive values.) CH 14 The company measures its activity in terms of flights. Customers can buy individual tickets for overtlights or hire an entire plans for an overflight at a discount Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity vartances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect ( zero variance), Input all amounts as positive values.) 027 po Vulcan Flyovers Fuse Budget Performance Report For the Month Ended July 1 Budget Ach Results Pinig Budou 50 Fights 52 $ 16.100 5 17.900 $ 3,040 1.780 Revenue Expenses Wages and F Airport Arora preciation Ooxes Total expense Net operating income 2416 520 420 000 1512 2520 520 252 12.900 150 7.900 1550 2.400 300 250 12.500 4550 13.176 2304 5