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 [L09-4] 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 Actual Flexible Planning Results Budget Budget 58 Flights (q) 60 60 $16.300 S 20,700 $ 20.010 Revenue ($345.00g) Expenses: Wages and salaries ($3,500+$86.00q) Fuel ($32.00q) Airport fees ($860 $34.00g) Aircraft depreciation ($8.00g) Office expenses ($210 $1.00g) 8,488 1,856 2, 832 464 268 14, 230 13,908 $ 1,883 $ 6,470 $ 6,102 8,628 2,086 2,785 480 438 14,417 8,660 1,920 2,900 480 270 Total expense Net operating income