Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Plann

Question

Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning ResultsBudget Budget 57 Flights (q) Revenue ($345.00q) 57 $16,300 $19,665 $18,975 Wages and salaries (S3,200$88.00q) Fuel ($33.00q) Airport fees (S810+ $34.00q) Aircraft depreciation ($10.00q) Office expenses ($210+$1.00q) 8,180 8,216 8,040 1,815 2,680 550 265 13,833 13,682 13,350 $ 2,467 5,983 $ 5,625 2,045 2,603 570 435 1,881 2,748 570 267 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 overflight at a discount.

Explanation / Answer

Flexible budget performance flights 57 57 55 Actual Revenue & spending Flexible Activity variance planning variance budget budget Revenue 16,300 3,365 U 19,665 690 F 18,975 expenses Wages and salaries 8,180 36 F 8,216 176 U 8,040 Fuel 2,045 164 U 1,881 66 U 1,815 Airport fees 2,603 145 F 2,748 68 U 2,680 Aircraft depreciation 570 0 N 570 20 U 550 office expenses 435 168 U 267 2 U 265 total expense 13,833 151 U 13,682 332 U 13,350 net operating income 2,467 3,516 U 5,983 358 F 5,625

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