please help me answer this below
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. Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget Flights (a) 58 58 56 $16,100 $20,590 519,880 Revenue ($355.00) Expenses: Wages and salaries ($3,700 + $87.aag) Fuel ($32.969) Airport fees ($870 - $35.909) Aircraft depreciation (58.089) office expenses ($240 - $1.809) Total expense Net operating income 8,712 8,746 8,572 2,022 1,856 1,792 2,785 2.900 2,830 464 464 448 466 298 296 14,449 14,264 13,938 51,651 $ 6.326 5 5.942 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire place 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 " for favorable. "U" for unfavorable, and "None for no effectie, zero variance). Input all amounts as positive values.) Vulcan Flyovere Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget 58 Planning Actual Result 56 Flights HCM 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 (1.e., zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 1 Flexible Budget 58 Actual Results Planning Budget 56 Flights 58 $ 16,100+ S 20.590 $ 19,880 Revenue Expenses Wages and salaries Fuel Airport fees Aircran depreciation Office expenses Total expense Net operating income 8.712 2,022 2,785 2.746 1,856 2.900 8,572 1.792 2830 440 484 484 400 14.449 1.651 200 14. 0.320 $ 3 5,02 Prev 2015 Next >