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 Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget 57 57 55 Flights (9) $ 16,200 $ 19,950 $ 19,250 O AO Revenue ($350.00q) Expenses: Wages and salaries ($3,300 + $91.00g) Fuel ($33.009) Airport fees ($830 + $31.009) Aircraft depreciation ($10.00q). Office expenses ($220 + $1.00q) Total expense Net operating income 8,445 8,487 8,305 2,045 1,881 1,815 2,452 2,597 2,535 570 570 550 445 277 275 13,957 13,812 13,480 2,243 $ 6,138 $ 5,770 $ 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

Vulcan Flyovers
Flexible Budget Report
For the month ended July 31
	Actual results	Revenue and Spending Variances		Flexible Budget	Activity Variance		Planning Budget
Flights	57			57			55
Revenue	$ 16,200	$    3,750	U	$ 19,950	$        700	F	$ 19,250
Expenses:
Wages and salaries	$    8,445	$          42	F	$    8,487	$        182	U	$    8,305
Fuel	$    2,045	$        164	U	$    1,881	$          66	U	$    1,815
Airport fees	$    2,452	$        145	F	$    2,597	$          62	U	$    2,535
Aircraft depreciation	$        570	$           -	None	$        570	$          20	U	$        550
Office expenses	$        445	$        168	U	$        277	$ 2	U	$        275
Total expense	$ 13,957	$        145	U	$ 13,812	$        332	U	$ 13,480
Net operating income	$    2,243	$    3,895	U	$    6,138	$        368	F	$    5,770

If it is helpful, please rate the answer and if any doubt arises let me know