Chapter 9 Homework Saved Help 4 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: Vulean Flyovers Operating Data Tor the Month Ended July 31 Actual Flexible Planning Resultadget Budget 54 54 52 4 points mighta (9) $ 16, 2009.19,440 $10,720 eBook Print References Revenue ($360.004) Expenses Hages and salaries ($3,800 - $67.009) Puol ($30.009) Airport fees ($830 $32.009) Aireraft depreciation ($9.000) ortice expenses ($250 + 01.004) Total expense Net operating Income 0.464 8,498 8,324 1.790 1,620 1.560 2,440 2,550 2,494 486 460 472 304 102 13,660 13.00 $ 2,540 $ 5,974 5,572 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances (Indicate the effect of each varlance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect flezero varlance). Input all amounts as positive values.) Chapter 9 Homework 6 Saved Help 4. The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount Required: 1. Prepare a flexible 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 f.e, zero variance). Input all amounts as positive values.) polis tool PAW Wulcan Flyover Flexible Budget Performance Report For the Month Ended by 31 Flexible Budget 505 Actual Reus le Planning Budget 62 Fights 16,200 $ 19,4401 $ 18,720 8.454 8.498 8.324 1.790 Revenue Expenses Wages and salaries Fuel Arportes depreciation Ocenes Total expense Net operating income 2,418 486 1.620 2.558 486 304 13,466 5.974 472 13.660 2.540 1,560 2.454 462 302 13,148 5.572 5 5