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Hello, please help me out if my numbers are right. THANK YOU!!!! TipTop Fight School offers flying lessons at a small municipal airport. The school's
Hello, please help me out if my numbers are right. THANK YOU!!!!
TipTop Fight School offers flying lessons at a small municipal airport. The school's owner and manoger has been attempting to evaluate performance and control costs using a varlance report that compares the planning budget to actual results. A recent variance report appears below: After several months of using such variance reports, the owner has become frustrated. For example, she is quite conilient that instructor wages were very tightly controlled in July, but the report shows an unfavorable varlance. The planning budget was developed using the following formulas, where q is the number of lessons sold: Required: 2. Complete the fiexible budget performance report for the school for July. (indicate the effect of each variance by selecting "F" for favorable, "U* for unfavorable, and "None" for no effect (i.e., zero varlance). Input all amounts as positlve values.) Step by Step Solution
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