Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($350.00q) Expenses: Wages and salaries ($3,300 + $87.00q) Fuel ($30.00q) Airport fees ($870 + $31.00g) Aircraft depreciation ($9.00q) Office expenses ($200 + $1.00g) Total expenses Net operating income Flights Actual Results Actual Results 61 $ 16,500 61 8,573 2,000 2,621 549 429 14,172 $ 2,328 Flexible Budget 61 $ 21,350 8,607 1,830 2,761 549 261 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. Planning Budget Required: 1. Prepare a flexible budget performance report for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 59 $ 20,650 14,008 13,692 $ 7,342 $ 6,958 Flexible Budget 8,433 1,770 2,699 61 531 259 Planning Budget 59

Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overfights of Mount Saint Helens. Data concerning the company's operations in July appear below: The company measures its activity in terms of flights. Customers can buy individual tickets for overtlights or hire an entire plane at a discount. Required: 1. Prepare a flexible budget performance report for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values