- Vulcan Flyovers Offers Scenic Overflights Of Mount St Helens The Volcano In Washington State That Explosively Erupted 1 (42.08 KiB) Viewed 19 times
- Vulcan Flyovers Offers Scenic Overflights Of Mount St Helens The Volcano In Washington State That Explosively Erupted 2 (45.58 KiB) Viewed 19 times
Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted n 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 (a) 61 61 59 $ 16,400 $ 21,350 $20.650 Revenue ($350.000) Expenses: Wages and salaries ($3,200 + $90.089) Fuel ($32.009) Airport fees ($870 + $31.009) Aircraft depreciation ($11.089) Office expenses ($230 + $1.089) Total expense Net operating income 8,650 8,690 8,510 2,118 1,952 1,888 2,621 2,761 2,699 671 671 649 459 291 289 14,519 14,365 14,035 $ 1,881 $ 6,985 $ 6,615 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: Prepare a flexible budget performance report for July that includes revenue and spending variances and activity ariances. (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.)
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 affect (I.e., zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget 61 Actual Results Planning Budget 59 Flights 61 Revenue $ 16,400 $ 21,350 $ 20,650 8,650 2,118 2,621 Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expense Net operating income 8,690 1,952 2,761 671 671 459 8,510 1,888 2,699 649 289 14,035 6,615 14,519 1,881 291 14,365 6,985 $ $ $