9 2020.docx Open with At Disney World in Orlando, Florida there is an outdoor camping facility called Fort Wilderness. The Fort sits on a 10,000 wooded-acre site. Disney offers scenic tours around Fort Wilderness using Disney characters. Data for the Fort Wilderness operation appear below: Disney World Amusement Park, Inc. Fort Wilderness Outdoor Facility For the month ended August 31 Actual Flexible Planning Results Budget Budget Scenic Tours (9) ..50. 55. .45 Revenue (51009). $15.000. $16,200........ $14.500 Expenses: Wages & Saluries ($2,000+$50q). $7,000. $7,800 $6,000 Gasoline & Oil (S204) 2,000 .2.200 1,800 Theme Park Tickets ($300-$159).....1.800. 2.400 .1.200 Guest Bus Depreciation ($10)......... 1.000.. .1.400 .800 Administrative Expenses ($200+S44)...400. 400. 300 Total Expenses...... ..$12,200 $14,200 $10,100 Net Operating Income $2.800. $2,000. $4.400 The company nieasures its activity in terms of scenic tours. Tickets for the scenic tours can be purchased individually, or at a group discount for groups, clubs, etc. Required: 1. Utilizing the format covered in Ch.9, prepare a flexible budget report for August that includes revenue and spending variances and activity variances (18 points) 2. Which of the variances should be of concem to management? Explain. (2 points) (note: do not spend time re Page 37 oba + st prepare the columns for the variances.)