Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below. Vulcan Flyovera Operating Data For the Month Ended July 31 Flights (9) Revenue ($355.00g) Expenses: Wages and salaries ($3,100 $90.00g) Fuel ($31.00g) Airport fees ($040+ $35.00g) Aircraft depreciation (58.00g) office expenses ($240 $1.00g) Total expenses Net operating income Required: 1. Prepare a flexible budget performance report for July. Flights Revenue Expenses: Wages and salarios Fuel Airport fees Actual Results Actuali Resulta $ 58 16,500 58 16,500 8,280 1,966 2,770 8,200 1,966 2,770 464 466 13,946 $2,554 Flexible Budget The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. 58 $ 20,590 Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. 0,320 1,798 2,870 464 298 Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 $ Planning Budget 56 $19,000 13,750 13,420 $6,040 $ 6,460 Flexible Budget 8,140 1,736 2,800 448 296 58 20,500 8,320 1,798 2,870 Planning Budget $ 56 19,880 8,140 1,736 2,800
Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below. Vulcan Flyovera Operating Data For the Month Ended July 31 Flights (9) Revenue ($355.00g) Expenses: Wages and salaries ($3,100 $90.00g) Fuel ($31.00g) Airport fees ($040+ $35.00g) Aircraft depreciation (58.00g) office expenses ($240 $1.00g) Total expenses Net operating income Required: 1. Prepare a flexible budget performance report for July. Flights Revenue Expenses: Wages and salarios Fuel Airport fees Actual Results Actuali Resulta $ 58 16,500 58 16,500 8,280 1,966 2,770 8,200 1,966 2,770 464 466 13,946 $2,554 Flexible Budget The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. 58 $ 20,590 Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as positive values. 0,320 1,798 2,870 464 298 Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 $ Planning Budget 56 $19,000 13,750 13,420 $6,040 $ 6,460 Flexible Budget 8,140 1,736 2,800 448 296 58 20,500 8,320 1,798 2,870 Planning Budget $ 56 19,880 8,140 1,736 2,800
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter7: Allocating Costs Of Support Departments And Joint Products
Section: Chapter Questions
Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub