Vulcan Flyovers offers scenic overflights of Mount Saint Hefens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Flights (g) Revenue ($345.00g) Expenses: Wages and salaries ($3,700 + $92.00g) Fuel ($32.00g) Airport fees ($840 + $34.00g) Aircraft depreciation ($9.00g) Office expenses ($200 + $1.00g) Total expense Net operating income Flights Revenue Expenses: Wages and salaries Fuel Vulcan Flyovers Operating Data For the Month Ended July 31 Airport fees Aircraft depreciation Office expenses Total expense Net operating income Actual Results $ $ 56 16,400 Actual Results 8,808 1,958 2,609 504 424 56 $ 16,400 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. 14,303 2,097 8,808 1,958 2,609 504 424 14,303 $ 2,097 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 (i.e., zero variance). Input all amounts as positive values.) Flexible Budget 56 $ 19,320 $ 8,852 1,792 2,744 504 256 $ 14,148 $ 5,172 Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Planning Budget 56 19,320 54 $ 18,630 8,852 1,792 2,744 504 256 14,148 5,172 8,668 1,728 2,676 486 254 13,812 $ 4,818 $ $ Planning Budget 54 18,630 8,668 1,728 2,676 486 254 13,812 4,818

Wulcan Flyovers offers scenic overflights of Mount Saint Hefens, the volcano in Washington State that explosively erupted in 1982, Data concerning the company's operations in July appear below: The company measures its activity in terms of flights. Customers can buy individual tickets for overfights or hire an entire plane for an overflight at a discount. Required: 1. Prepare a fexible 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 (i.e., zero variance). Input all amounts as positive values.) AirQual Test Corporation provides on-site air quality testing'services. The company actual results for the month of February: The company uses the number of jobs as its measure of activity. For example, mobile lab operating expenses should be $4,700 plus $33 per job, and the actual mobile lab operating expenses for February were $9,160. The company expected to work 140 jobs in February, but actually worked 148 jobs. Required: Prepare a flexible budget performance report showing AirQual Test Corporation's revenue and spending variances and activity variances for February. (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)