- Vulcan Flyovers Offers Scenic Overflights Of Mount Saint Helens The Volcano In Washington State That Explosively Erupte 1 (36.09 KiB) Viewed 64 times
- Vulcan Flyovers Offers Scenic Overflights Of Mount Saint Helens The Volcano In Washington State That Explosively Erupte 2 (35.22 KiB) Viewed 64 times
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: Flexible Budget 55 $ 19,800 Planning Budget 53 $ 19,00 Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Results Flights (9) Revenue (5360.000) 16,400 Expenses wages and salaries ($3,400+ $40.00) 8,204 Fuel (533.000 1,979 Airport fees (5610 + 534.009) 2,570 Aircraft depreciation ($10.009) 550 office expenses ($250 + $1.004) 473 Total expense 1,776 Net operating income 5 -2,624 8,240 1,815 2,680 550 305 13,590 $ 6,210 3,014 1.749 2,612 530 303 13,258 $ 5,822 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 os positive values.)
Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results 55 55 16,400 Planning Budget 53 5 19.080 $ $ 19,800 8.240 8,064 1.749 Flights Revenue Expenses Wages and salaries Fuel Airport fees Aircraft depreciation Office penses Total expense Net operating income 8,204 1.979 2,570 550 473 2,612 530 1,815 2.680 550 305 13,590 6,210 13.776 2,624 303 13,258 5,822 5 5 $