Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Wa
ID: 2524614 • Letter: V
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:
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.
Complete the flexible budget performance report abstract for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)
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:
Explanation / Answer
Flexible Budget Performance Report For the Month Ended July 31 Actual Revenue and Spending Variances Flexible budget Activity Variances Planning budget Revenue 16200 3465 U 19665 690 F 18975 Expenses: Wages and salaries 8545 42 F 8587 182 U 8405 Fuel 1990 166 U 1824 64 U 1760 Airport fees 2715 140 F 2855 70 U 2785 Aircraft depreciation 570 0 None 570 20 U 550 Office expenses 455 168 U 287 2 U 285 Total expense 14275 152 U 14123 338 U 13785 Net operating income 1925 3617 U 5542 352 F 5190
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.