Help Save & ter 9 - Homework (Algorithmic 2) Check m Exercise 9-4 Prepare a Flexible Budget Performance Report (L09-4) 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 For the Month Ended July 31 Actual Plexible Planning Results Budget Budget Flights (9) $ 16,200 $19,320 $ 18,630 Revenue ($345.000) Expenses Wages and salaries ($3,300 +387.00) Fuel (3.00) Airport fees ($830 . $14.00 Aircraft depreciation ($10.000) office expenses ($210 + $1.009) Total expense Net operating Income 8,138 8.172 2.012 1.848 2.5892 .734 560 560 434 266 13,733 13,580 2.467 5,740 7.998 1,782 2.666 540 264 13,250 5,380 $ $ 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 (ie, zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Planning Prey, 1 of 4 !! Next > Check my work 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 (.e., zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results Planning Budget 16.2001 19,320 18,630 Wages and salarie 8.172 2012 1.848 1,782 2,666 Airport tes 2.589 2.734 Aircraft depreciation Office expenses 266 Total expense 13.50 13 250 Net operating income 5.7401 Prex 1 of 4 Next >