Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below:
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- Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($355.00g) Expenses: Wages and salaries ($3,100 +$88.00g) Fuel ($33.00q) Airport fees ($880 +$34.00g) Aircraft depreciation ($10.00q) Office expenses ($240 + $1.00q) Total expenses Net operating income. Actual Results Flexible Budget Planning Budget 62 62 60 $ 16,000 $ 22,010 $ 21,300 8,520 8,556 8,380 2,210 2,046 1,980 2,878 2,988 2,920 620 620 600 470 302 300 14,698 14,512 14,180 $ 1,302 $ 7,498 $ 7,120 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. Required: 1. Prepare a flexible budget performance report for July. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable,…Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($345.00q) Expenses: Wages and salaries ($3,600 + $91.00g) Fuel ($30.00q) Airport fees ($860 + $32.009) Aircraft depreciation ($11.00q) Office expenses ($230 + $1.00g) Total expenses Net operating income Flights Revenue Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expenses Net operating income Actual Results $ $ Actual Results 54 16,200 54 $ 16, 200 8,472 1,790 2,478 594 452 13,786 2,414 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. Flexible Budget 8,472 1,790 2,478 594 452 13,786 13,600 $ 2,414 $ 5,030 Required: 1. Prepare a flexible budget performance report for…Vulcan Flyovers offers scenic overflights of Mount Saint 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 Results Flexible Budget Planning Budget Flights (q) Revenue ($320.00q) Expenses: Wages and salaries ($4,000+ $82.009) Fuel ($23.00q) Airport fees ($650 + $38.009) Aircraft depreciation ($7.009) Office expenses ($190 + $2.00q) Total expense Net operating income 48 48 50 $ 13,650 $ 15,360 $ 16,000 8,430 7,936 8,100 1,260 1,104 1,150 2,350 2,474 2,550 336 336 350 460 286 290 12,836 12,136 12,440 $ 814 $ 3,224 $ 3,560 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. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. Note: Indicate the…
- 3) Prepare a Flexible Budget Performance Report 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. Flights (g) Revenue ($320.00g) Expenses: Vulcan Flyovers Operating Data For the Month Ended July 31 Wages and salaries ($4,000+ $82.00g) Fuel ($23.00g) Airport fees ($650 + $38.00g) Aircraft depreciation ($7.00g) Office expenses ($190 + $2.00q) Total expense Net operating income Budget Actual Flexible Static Results Budget 48 $13,650 $15,360 48 8,430 1,260 2,350 336 460 50 $16,000 7,936 8,100 1,104 1,150 2,474 2,550 336 350 286 290 12,836 12,136 12,440 $ 814 $3,224 $ 3,560 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. Required: 1. Prepare a flexible budget performance report for July that includes flexible- budget variances and…Vulcan Flyovers offers scenic overflights of Mount Saint 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 Planning Budget Actual Flexible Results Budget 48 48 50 Flights (q) Revenue ($320.00g) Expenses: Wages and salaries ($4,000 + $82.00q) Fuel ($23.00q) Airport fees ($650 + $38.00q) Aircraft depreciation ($7.00q) Office expenses ($190 + $2.00q) Total expense $ 13,650 $ 15,360 $ 16,000 k 8,430 1,260 2,350 7,936 1,104 2,474 8,100 1,150 2,550 nt 336 336 350 ences 460 286 290 12,836 $ 814 12,136 12,440 Net operating income $ 3,224 $ 3,560 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. Required: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 Flexible Planning Budget Actual Results Budget Flights (q) 54 54 52 Revenue ($340.00q) $ 16, 200 $ 18,360 $17,680 Expenses: Wages and salaries ($3,400 + $86.00q) Fuel ($33.00q) Airport fees ($820 + $34.00q) Aircraft depreciation ($11.00q) Office expenses ($220 + $1.00q) Total expense 8,012 1,946 2,506 8,044 1,782 2,656 7,872 1,716 2,588 594 594 572 442 274 272 13,350 $ 2,700 $ 5,010 $ 4,660 13,500 13,020 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. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the…
- 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 Results Flexible Planning Budget Budget Flights (9) 48 48 se Revenue ($320.0g) $ 13,658 $ 15, 360 $ 16,00 Еxpenses: Wages and salaries (54,000 + $82.eeg) Fuel ($23.00g) Airport fees (Sase + $38.08g) Aircraft depreciation ($7.0eg) office expenses ($198 + $2.08q) Tatal expense 8,438 1,268 2,358 7,936 1,184 2,474 8,100 1,15e 2,550 350 336 336 468 286 290 12,836 12,135 12,448 Net operating income 814 $ 3,224 $ 3,560 The company messures its activity in terms of fights. Customers can buy individual tickets for overfights or hire an entire plane for an overflight at a discount. Required: 1. Prepare a fiexible budget performence report for July that includes revenue and spending veriances and activity variances. (Indicate the effect of…Vulcan Flyovers offers scenic overflights of Mount Saint 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 Results Flexible Budget Planning Budget Flights (q) 53 53 51 Revenue ($355.00q) $ 16,300 $ 18,815 $ 18,105 Expenses: Wages and salaries ($3,600 + $92.00q) 8,432 8,476 8,292 Fuel ($31.00q) 1,811 1,643 1,581 Airport fees ($880 + $34.00q) 2,572 2,682 2,614 Aircraft depreciation ($11.00q) 583 583 561 Office expenses ($200 + $1.00q) 421 253 251 Total expense 13,819 13,637 13,299 Net operating income $ 2,481 $ 5,178 $ 4,806 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. 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and…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 Budget Budget Results Flights (q) 48 48 50 $ 13,650 $ 15,360 $ 16,000 Revenue ($320.00g) Expenses: Wages and salaries ($4,000 + $82.00g) Fuel ($23.00q) Airport fees ($650 + $38.00q) Aircraft depreciation ($7.00g) Office expenses ($190 + $2.00g) Total expense 8,430 1,260 2,350 336 7,936 1,104 2,474 336 8,100 1,150 2,550 350 460 286 290 12,440 814 $ 3,224 $ 3,560 12,836 12,136 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. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of…
- Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Flights (g) Revenue ($345.00g) Vulcan Flyovers Operating Data For the Month Ended July 31 Expenses: Wages and salaries ($3,500 + $87.00g) Fuel ($32.00g) Airport fees ($860 + $31.00g) Aircraft depreciation ($9.00g) Office expenses ($230 + $1.00g) Total expense Net operating income Actual Results 61 $ 16,400 $ 8,773 2,118 2,636 549 459 14,535 1,865 Flexible Budget 61 $ 21,045 8,807 1,952 2,751 549 291 14,350 $ 6,695 Planning Budget 59 $ 20,355 8,633 1,888 2,689 531 289 14,030 $ 6,325 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. Required: 1. Prepare a flexible budget performance report for July that includes…Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint 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 Flights (q) Revenue ($355.009) Expenses: Wages and salaries ($3,700 +$91.009) Fuel ($32.009) Airport fees ($880 + $35.009) Aircraft depreciation ($9.009) Office expenses ($210 +$1.009) Total expense Net operating income Actual Results Flexible Budget Planning Budget 53 53 51 $ 16,400 $ 18,815 $ 18,105 8,481 8,523 8,341 1,862 1,696 1,632 2,595 2,735 2,665 477 477 459 431 263 261 13,846 13,694 13,358 $ 2,554 $ 5,121 $ 4,747 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. Required: 1. Prepare a flexible budget performance report for July that includes…Exercise 9-4 (Algo) Prepare a Flexlble Budget Performance Report [L09-4] 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 Results Flexible Planning Budget 54 Budget Flights (q) 56 56 $ 16,400 $ 19,880 $ 19,170 Revenue ($355.00g) Expenses: wages and salaries ($3,500 + $89.009) Fuel ($34.08q) Airport fees ($880 + $33.08g) Aircraft depreciation ($9.88q) Office expenses ($220 + $1.889) Total expense 8,446 ৪,484 8, 306 2,066 1,904 1,836 2,613 2,728 2,662 504 504 486 444 276 274 14,073 13,896 |13,564 Net operating income $ 2,327 $ 5,984 $ 5,506 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. Requlred: 1. Prepare a flexible budget performance report for July that includes…