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 Data For the Month Ended July 31 Flights (9) Revenue ($350.009) Expenses: Wages and salaries ($3,200+ $89.009) Fuel ($31.009) Airport fees ($870 + $32.009) Aircraft depreciation ($10.009) Office expenses ($240 + $1.009) Total expense Net operating income Actual Results Flexible Budget Planning Budget 58 58 56 $ 16,200 $ 20,300 $ 19,600 8,324 8,362 8,184 1,966 1,798 1,736 2,616 2,726 2,662 580 580 560 466 298 296 13,952 13,764 13,438 $ 2,248 $ 6,536 $ 6,162 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.