Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the companys operations in July appear below:

Exercise 9-4 Prepare a Flexible Budget Performance Report [LO9-4] 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 Flights (q) Revenue ($320.00q) Actual Flexible Planning ResultsBudgetBudget 50 $13,650 $15,360 $ 16,000 48 48 Expenses Wages and salaries ($4,000$82.00q) 8,4307,936 Fuel ($23.00q) Airport fees ($650 +$38.00q) Aircraft depreciation ($7.00q) Office expenses ($190 + $2.00q) 2,350 336 460 8,100 1,260 ,104 ,150 2,550 350 290 2,474 336 286 Total expense 12,836 12,136 12,440 Net operating income $ 814 3,224 3,560 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