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 (4) Revenue ($345.000) Expenses: Wages and salaries ($3,800 +$85.000) Fuel (531.000) Airport fees (5820 +$35.00g) Aircraft depreciation ($9.000) office expenses ($230 $1.000) Total expense Net operating income Actual Results Flexible Budget Planning Budget 59 59 57 $16,500 $ 20,355 $ 19,665 8,785 8,815 8,645 1,997 1,829 1,767 2,775 2,885 531 531 2,815 513 457 289 14,545 $1,955 14,349 287 14,027 $ 6,006 $ 5,638 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