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:

Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Planning Budget Actual Results Flights 53 Revenue 16,400 19,525 18,815 Expenses Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses 8,398 1,979 2,375 495 473 13,720 2,680 8,430 1,815 2,515 495 305 13,560 5,965 8,258 1,749 2,453 477 303 13,240 5,575 Total expense Net operating income