Tip Top Flight School | ||||||||
Flexible Budget Report | ||||||||
For the month ended July 31 | ||||||||
Actual results | Revenue and Spending Variances | Flexible Budget | Activity Variance | Planning Budget | ||||
Lessons | q | 180 | 180 | 175 | ||||
Revenue | ($230 * q) | $ 41,290 | $ 110 | U | $ 41,400 | $ 1,150 | F | $ 40,250 |
Expenses: | ||||||||
Instructor wages | ($60 * q) | $ 10,645 | $ 155 | F | $ 10,800 | $ 300 | U | $ 10,500 |
Aircraft depreciation | ($38 * q) | $ 6,840 | $ - | None | $ 6,840 | $ 190 | U | $ 6,650 |
Fuel | ($14 * q) | $ 3,090 | $ 570 | U | $ 2,520 | $ 70 | U | $ 2,450 |
Maintenance | $630 + ($11 * q) | $ 2,700 | $ 90 | U | $ 2,610 | $ 55 | U | $ 2,555 |
Ground facility expenses | $1850 + ($4 * q) | $ 2,470 | $ 100 | F | $ 2,570 | $ 20 | U | $ 2,550 |
Administration | $3460 + ($3 * q) | $ 3,885 | $ 115 | F | $ 4,000 | $ 15 | U | $ 3,985 |
Total expense | $ 29,630 | $ 290 | U | $ 29,340 | $ 650 | U | $ 28,690 | |
Net operating income | $ 11,660 | $ 400 | U | $ 12,060 | $ 500 | F | $ 11,560 |
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Cl Tiplop Flight School offers flying lessons at a small municipal airport. The school's owner and...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results 180 Planning Budget 175 Variances Lessons $ 41,290 $ 40,250 $1,040 F Revenue Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget 180 175 Variances Lessons $ 41,290 $ 40,250 $1,040 F Revenue Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Planning Budget 125 Variances Lessons 18e $ 41,290 $ 40,250 $1,048 F Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration Total...
TipTop Flight School offers flying lessons at a small municipal airport. The school’s owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Planning Budget Variances Lessons 180 175 Revenue $ 41,290 $ 40,250 $ 1,040 F Expenses: Instructor wages 10,645 10,500 145 U Aircraft depreciation 6,840...
Problem 9-22 Critique a Report; Prepare a Performance Report [LO9-1, LO9-2, LO9-3, LO9-4, LO9-6] TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Budget Variances Results Lessons 180 175 $ 41,290 $ 40,250...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget 225 220 Variances Lessons $ 60,400 $ 59,400 $1,000 F Revenue Expenses : Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget Variances 220 215 Lessons $ 56,890 $ 55,900 $ 990 F Revenue Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results 210 Planning Budget 205 Variances Lessons $ 52,230 $ 51,250 $ 980 F Revenue Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Planning Budget Variances 215 $ 59,130 $ 58,050 $1,080 F Revenue Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration Total expense...
TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget 210205 Variances Lessons $ 54, 370 $ 53,300 $1,070 F Revenue Expenses : Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses...