56 56 8.272 8.22 1.914 1,674 Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Weshington State that explosively erupted in 1982 Dets concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget Flights (9) Revenue (5145.000) 5 16,480 319,220 13,630 Expenses: Wages and salaries (53,200 $97.1009) 7,998 Fuel (331.009) 1,736 Airport fees (5520 $35.000) 2,675 2.780 2,710 Aircraft depreciation ($9.000) office expenses (5238 $1.004) Total expense 13.675 13.392 Net operating income The company messures its activity in terms of fights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight ote discount Required: 1. Prepare a fexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (t.e.. zero vartance). Input all amounts as positive values.) 486 54 454 584 286 13.478 $ 5,942 5 2.225 $5.478 Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 FlexIDIO Budget Actual Results Planning Budget 54 18.600 58 58 19.320 5 8.138 1,804 7.996 1.674 Flights Reven Expenses Wages and was Fuel Airport fees Aircraft depreciation Olio expenses Total expense Net operating income 2.710 2.675 504 8.172 1.730 2.700 504 286 13.478 5.842 454 13.675 2.725 486 284 13.152 5.478 5 56 56 8.272 8.22 1.914 1,674 Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Weshington State that explosively erupted in 1982 Dets concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget Flights (9) Revenue (5145.000) 5 16,480 319,220 13,630 Expenses: Wages and salaries (53,200 $97.1009) 7,998 Fuel (331.009) 1,736 Airport fees (5520 $35.000) 2,675 2.780 2,710 Aircraft depreciation ($9.000) office expenses (5238 $1.004) Total expense 13.675 13.392 Net operating income The company messures its activity in terms of fights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight ote discount Required: 1. Prepare a fexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (t.e.. zero vartance). Input all amounts as positive values.) 486 54 454 584 286 13.478 $ 5,942 5 2.225 $5.478 Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 FlexIDIO Budget Actual Results Planning Budget 54 18.600 58 58 19.320 5 8.138 1,804 7.996 1.674 Flights Reven Expenses Wages and was Fuel Airport fees Aircraft depreciation Olio expenses Total expense Net operating income 2.710 2.675 504 8.172 1.730 2.700 504 286 13.478 5.842 454 13.675 2.725 486 284 13.152 5.478 5
