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Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Flights (q) Revenue ($350.00g) Vulcan Flyovers Operating
Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Flights (q) Revenue ($350.00g) Vulcan Flyovers Operating Data For the Month Ended July 31 Expenses: Wages and salaries ($3,000 + $87.00g) Fuel ($34.00g) Airport fees ($820 + $30.00g) Aircraft depreciation ($9.00g) Office expenses ($250+ $1.00g) Total expenses Net operating income Actual Results 53 $ 16,500 7,577 1,964 2,295 477 471 12,784 $ 3,716 Flexible Budget 53 $ 18,550 7,611 1,802 2,410 477 303 12,603 $ 5,947 Planning Budget 51 $ 17,850 7,437 1,734 2,350 459 301 12,281 $ 5,569 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount.
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