Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively...
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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 Datal For the Month Ended July 31 Flights (q) Revenue ($360.00q) Expenses: Wages and salaries ($3,700+ $87.009) Fuel ($31.00q) Airport fees ($820 + $34.009) Aircraft depreciation ($10.00) office expenses ($200 + $1.009) Total expense Net operating income Actual Results Flexible Budget Planning Budget 52 52 50 $ 16,200 $ 18,720 $ 18,000 8,190 8,224 8,050 1,780 1,612 1,550 2,443 2,588 2,520 520 520 500 420 252 250 13,353 13,196 12,870 $ 2,847 $5,524 $ 5,130 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. Required: 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 amante e nacitive valuee Prev 4 of 5 Next > 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 Datal For the Month Ended July 31 Flights (q) Revenue ($360.00q) Expenses: Wages and salaries ($3,700+ $87.009) Fuel ($31.00q) Airport fees ($820 + $34.009) Aircraft depreciation ($10.00) office expenses ($200 + $1.009) Total expense Net operating income Actual Results Flexible Budget Planning Budget 52 52 50 $ 16,200 $ 18,720 $ 18,000 8,190 8,224 8,050 1,780 1,612 1,550 2,443 2,588 2,520 520 520 500 420 252 250 13,353 13,196 12,870 $ 2,847 $5,524 $ 5,130 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. Required: 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 amante e nacitive valuee Prev 4 of 5 Next >
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