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TipTop Flight School Variance Report for the Month Ended July 31 Actual Planning Results Budget Variances 155 150 Lessons Revenue Expenses: $33,900 $33,000900 F 9,870
TipTop Flight School Variance Report for the Month Ended July 31 Actual Planning Results Budget Variances 155 150 Lessons Revenue Expenses: $33,900 $33,000900 F 9,870 9,750 5,890 5,700 2,750 2,250 2,450 2,330 Ground facility expenses 1,540 1,550 Instructor wages Aircraft depreciation Fuel Maintenance 120 U 190 U 500 U 120 U (10) F 3,3203,390(70 F 850 U Administration Total expense Net operating income 25,820 24,970 S 8,080 $ 8,030$50 Cost Formulas Revenue Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses $1,250 Administration $220 S 65 q S 38 S 15 q 530 + $12 q 2 3,240+ $1 q TipTop Flight School Flexible Budget Performance Report For the Month Ended July 31 Revenue Actual Spending Results Variances Flexible Activity Budget Variances Planning Budget Lessons Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration
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