w Saved Help Save & Exit Submit Vulcan Flyovers offers scenic overflights of Mount Saint 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 Results Flexible Budget Planning Flights (q) Revenue ($350.00g) Expenses Wages and salaries ($3,300 $88.00g) Fuel ($31.00g) Airport fees (5810 +$31.00g) Aircraft depreciation ($9.00g) Office expenses ($230 +$1.00g) Total expense Net operating incone Budget 56 56 541 $ 16,500 $ 19,600 $ 18,900 8,192 8,228 8,052 1,904 1,736 1,674 2,421 2,546 2,484 504 504 486 454 286 13,475 13,300 284 12,980 $ 3,025 $ 6,300 $ 5,920 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.) Actual Results Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 311 Flexible Budget < Prev 6 of 6 Next Planning Budget education.com/ext/map/index.html?_con-con&external_browser=0&launchUrl=https%253A%252F%252Fims.mheducation.com... quired Homework i overflight at a discount. Required: Saved Help Save & Exit Submi 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.) c raw Flights Revenue Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Actual Results 56 $ 16,500 Flexible Budget Planning Budget 54 56 $ 19,600 $ 18,900 Expenses: Wages and salaries 8,192 8,228 8,052 Fuel 1,904 1,736 1,674 Airport fees 2,421 2,546 2,484 Aircraft depreciation 504 504 486, Office expenses 454 286 284 Total expense 13,475 13.300 12,980, Net operating income $ 3.025 $ 6,300 $ 5,920 < Prey 6 of 6 ## Next >