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 Flights () 60 60 58 Revenue (5355.080) $ 16,500 $ 21,3ee $ 20,590 Expenses: Wages and salaries (53,600 - $89.000) 8,902 8,940 8,762 Fuel (533.000) 2,144 1,980 Airport fees (5880 - $32.009) 2,665 2,800 2,736 Aircraft depreciation ($9.080) 540 540 522 Office expenses ($240 - $1.ee) 468 300 298 Total expense 14,719 14,560 14,232 Net operating income $ 1,781 $ 6,740 $ 6,358 1,414 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 Actual Results Planning Budget 58 Flights 60 60 S 16,500 S 21,300 $ 20,590 ces 8,940 Revenue Expenses Wagos and salaries Fuel Airport foos Aircraft depreciation Office expenses Total expense Net operating income 8,902 2,144 2,665 540 468 14,719 1,781 1,980 2,800 540 300 14,560 6.740 8,762 1,914 2.738 522 298 14,232 $ $ 6,358