Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please answer the whole question thank you Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in
Please answer the whole question thank you
Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Flexible Budget 58 19-220 Planning Budget 55 $ 12.000 Volcan lovers Operating Data For the Month Endedly 31 Actual Results Flights (0) 58 Revenge (5340.000) $ 16,4) Expenses Wages and sales 300.000) 3.560 Fuel ($32.00) 2,022 Airport fees ($10 $30.000) 2.415 Aircraft depreciation ($9.969) 522 office expenses (5230* $1.000) Total expense 52.617 Net operating income 8.404 1,856 2,550 522 28 13,620 $ 6,100 1.223 1,792 2,450 504 285 11.30 $ 5,740 The company measures its activity in terms of nights. Customers can buy individual tickets for overflights or hire an entire plane for on 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 favorablo, "U" for unfavorable, and "None" for no effectie. Eero variance). Input all amounts os positive values.) Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity vartonces.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (le, zero variance), input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget 50 $ 19.720 Actual Results Planning fludge 58 16400 5 10040 1 404 1356 | Flights RIVE Exponnes Wages and sales Fuel Airport fees Aircraft depreciation Office expenses Total exponse Not operating income 830 2,022 2.415 522 28 1.700 2.000 504 200 13300 5740 2.550 522 256 13 620 5.100 450 13.783 2017 $ $ 5 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started