Valcan Fiyovers ofterscenc overights of Mun tten,e ocano in Washington State tha

Question

Valcan Fiyovers ofterscenc overights of Mun tten,e ocano 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 61 udget 59 Revenue ($350.80q) Expenses $16,200 $21,350 $20,65e Wages and salaries ($3,380$91.88q) 8,809 8,851 8,669 Fuel ($31.80q) Airport fees ($828 $38.00q) Aircraft depreciation ($9.8ea) Office expenses ($228+$1.88q) 2,525 2,650 2,590 549 549 531 279 14,391 14,222 13,898 s 1,809 $ 7,128 $ 6,752 281 Total expense 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 1. Prepar e a flexible budget performance report for July that includes revenue and spending varlances and activity variances. (Indicate the effect of each variance by selecting "F for fevorable, "U" for unfavorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive values.) Prev5 of 11Next >

Explanation / Answer

Vulcan Flyovers Flexible budget performance report For the month Ended july 31 Actual results Revenue and spending variance Flexible budget Activity variance Static budget Flights 61 61 59 Revenues 16200 5150 U 21350 700 F 20650 Expenses : Wages and salaries 8809 42 F 8851 182 U 8669 Fuel 2059 168 U 1891 62 U 1829 Airport taxes 2525 125 F 2650 60 U 2590 Aircraft depreciation 549 0 None 549 18 U 531 Office expense 449 168 U 281 2 279 Total expenses 14391 169 U 14222 324 U 13898 Net operating income 1809 5319 U 7128 376 F 6752

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