Vulcan Flyovers offers scenic overflights of Mount St. 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 Actual Flexible Planning Results Budget Budget 60 60 58 Flights (9) $ 16,400 $ 21,300 $ 20,590 1 Revenue ($355.000) Expenses: Wages and salaries ($3,500 + $86.009) Fuel ($33.009) Airport fees ($820 + $30.000) Aircraft depreciation $8.007) Office expenses ($200 + $1.009) Total expense Net operating income 8,628 2,144 2,485 480 428 14,165 2,235 8.668 ,980 2,620 480 8,488 1,914 2,560 464 258 13,684 6,906 260 14,000 7,300 $ $ $ 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. Vulcan Flyovers offers scenic overflights of Mount St. 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 Actual Flexible Planning Results Budget Budget 60 60 58 Flights (9) $ 16,400 $ 21,300 $ 20,590 1 Revenue ($355.000) Expenses: Wages and salaries ($3,500 + $86.009) Fuel ($33.009) Airport fees ($820 + $30.000) Aircraft depreciation $8.007) Office expenses ($200 + $1.009) Total expense Net operating income 8,628 2,144 2,485 480 428 14,165 2,235 8.668 ,980 2,620 480 8,488 1,914 2,560 464 258 13,684 6,906 260 14,000 7,300 $ $ $ 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