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:

Homework Help - Q&A from Onl x Keller Graduate School of Manag x Week 5: Homework x Connect X New Tab + X C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com%252Fmghmiddleware%252Fmheproducts%252FImsCloseWindow.htm#/activity/question-group/kEZASsBkEPvKDmmZcMTYE.. Week 5: Homework i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 2 Vulcan Hyovers otters 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 10 For the Month Ended July 31 points Actual Flexible Planning Results Budget Budget Flights (q) 54 54 52 Revenue ($350.00q) $ 16, 300 $ 18,900 $ 18, 200 Expenses : Wages and salaries ($3, 700 + $90.00q) 8,520 8, 560 8,380 Fuel ($34.00q) 1,998 1, 836 1, 768 Airport fees ($880 + $30.00q) 2.395 2.500 2.440 Aircraft depreciation ($8.00q) 432 432 416 Office expenses ($230 + $1.00q) 452 284 282 Total expense 13,797 13, 612 13, 286 Net operating income $ 2,503 $ 5, 288 $ 4,914 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. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Actual Results Flexible Planning Budget Budget Flights 54 54 52 Revenue $ 16,300 $ 18,900 $ 18,200 Expenses Wages and salaries 8,520 8,560 8,380 Fuel 1,998 1,836 1,768 Airport fees 2.395 2.500 2.440 Grav Type here to search O 9 5:34 PM ^ - (") 11/29/2020