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TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs

TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager 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:
\table[[,\table[[TipTop Flight School],[Variance Report]],,],[,For the Month Ended July 31,,],[Lessons,Actual Results,\table[[Planning],[Budget]],Variances],[Revenue,210,205,],[Expenses:,$52,230,$51,250,$980F
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