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 ROULES Budget Budget Flights (9) 61 61 59 $16,500 $21,350 $20,650 Revenue ($350.004) Expenses : Wages and salarios ($3,200 + $89.009) Fuel ($32.009) Airport fees (5840 $31.004) Aircraft depreciation ($11.000) office expenses ($250+ $1.009) Total expense Net operating income 8.591 8,629 B, 451 2,118 1952 1, BB 2.626 2.731 2,069 621 670 6:49 479 311 309 14,485 14, 294 13966 $ 2,015 $2.056 $ 6.684 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 Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget 61 Actual Results Planning Budget 59 Flights 61 $ $ 16,500 21,350 20,650 Revenue Expenses: Wages and salaries Fuel U 8,451 U 1.888 8,591 2.118 2,626 671 8,629 1,952 2,731 671 2,669 649 None Airport foos Aircraft depreciation Office expenses Total expense Net operating income 1212222 479 U 311 309 TU 14.485 2015 14,294 7,056 13.966 6,684 U S $