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please post answer photo horozontally, as chegg cuts off the photo if its posted veryicallh so im unable to virw answers. thanks in advance! Vulcan
please post answer photo horozontally, as chegg cuts off the photo if its posted veryicallh so im unable to virw answers. thanks in advance!
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: vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget Flights (9) 61 61 59 Revenue ($350.000) $ 16,400 $ 21,350 5 20.650 Expenses Wages and salaries ($3,200 + $91.004) 8,709 8,751 8,569 Fuel ($33.0091 2,177 2,013 1,947 Airport fees (6840 + $0.009) 2,700 2.653 2,787 Aircraft depreciation ($10.000) 610 610 590 office expenses ($250 - $1.000) 479 311 309 Total expense 16.683 14.50 14,202 Net operating income $1,717 $ 6,812 $ 5,440 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overlight 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 "P" for favorable. "U" for unfavorable, and "None" for no effect (.o.zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Revenue and Spending Flexible Variances Budget Actual Results Activity Variances Planning Budget 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 (l.e, zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Revenue and Spending Flexible Variances Budget Actual Results Activity Variances 61 Flights Revenue 61 16,400 Planning Budget 59 $ 20,650 $ $ 21,350 8,709 8,569 2,177 Expenses Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expense Net operating income 8.751 2013 2.853 610 2,708 610 1.947 2787 590 309 14.202 8.448 311 479 14,683 1.717 $ 14 538 5.812 $ $ Step by Step Solution
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