Question

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 Elyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Budget Results 59 Budget rlights (q) 59 57 Revenue ($350.00g) Expenses: Wages and aalaries ($3.700 $09.00q Fuel ($33.00q) Airport fees ($830 $32.00q) Aireraft depreciation ($11.00q) Office expenses ($230 $1.00q) $16,400 20,650 19. 950 .913 0,951 1,947 2,718 .773 1, 881 2, 654 2,111 2,583 649 649 627 457 289 289 Tosal expense 14.713 14, 554 14,222 1,687 6,096 5,728 Net operating income 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.

Answer 1

Answer:

Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Revenue and Spending Variance Flexible F/U/None Budget Activity Variance F/U/None Planning Actual Results Variance Budget Variance Flights 59 59 57 $16,400 $4,250 $20,650 $700 $19,950 Revenue F Expenses: $8,913 $38 $8,951 $1,947 $178 $8,773 Wages and salaries F U $164 $2,111 $66 $1,881 $2,654 $627 Fuel U Airport fees Aircraft depreciation $2,583 $135 $2,718 $64 F $649 $0 $649 $22 None Office expenses $457 $168 $289 $2 $287 Total expenses $14,713 $1,687 $159 $14,554 $332 $14,222 $5,728 $4,409 $6,096 $368 Net operating income U F