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 ($345.009) Expenses: Wages and salaries ($3,500 + $90.009) Fuel ($33.009) Airport fees ($830 +$30.009) Aircraft depreciation ($8.009) Office expenses ($220 + $1.009) Total expenses Net operating income Actual Results Flexible Budget Planning Budget 56 56 54 $ 16,000 $ 19,320 $ 18,630 8,500 8,540 8,360 2,012 1,848 1,782 2,400 2,510 2,450 448 448 432 444 276 274 13,804 13,622 13,298 $ 2,196 $ 5,698 $ 5,332 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, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flights Revenue Actual Results 56 $ 16,000 Flexible Budget Planning Budget 56 54 $ 19,320 $ 18,630 Expenses: Wages and salaries 8,500 8,540 8,360 Fuel 2,012 1,848 1,782 Airport fees 2,400 2,510 2,450 Aircraft depreciation 448 448 432 Office expenses 444 276 274 Total expenses 13,804 13,622 13,298 Net operating income $ 2,196 $ 5,698 $ 5,332

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 ($340.00q) Expenses: Wages and salaries ($3,400 + $91.00q) Fuel ($32.00q) Airport fees ($870 + $34.00q) Aircraft depreciation ($10.000) Office expenses ($210+ $1.00q) Total expenses Net operating income Flights Revenue Expenses: Wages and salaries Actual Results $ Actual Results 56 16,200 56 $ 16, 200 8,454 8,454 1,958 2,649 560 434 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 56 $19,040 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, and "None" for no effect (i.e., zero variance). Input all amounts as positive values. 8,496 1,792 2,774 560 266 14,055…

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 ($340.00q) Expenses: Wages and salaries ($3,700 + $88.00q) Fuel ($30.009) Airport fees ($820 +$31.00q) Aircraft depreciation ($8.00q) Office expenses ($230 + $1.009) Total expenses Net operating income Actual Results Flexible Budget Planning Budget 52 52 50 $ 16,300 $ 17,680 $ 17,000 8,240 8,276 8,100 1,730 1,560 1,500 2,327 2,432 2,370 416 416 400 450 282 280 13,163 12,966 12,650 $ 3,137 $ 4,714 $ 4,350 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, and "None" for no effect (i.e., zero variance). Input all amounts as…

Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below. Vulean 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 ($840+ $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 salaries Fuel Airport fees Actual Results Actual Resulta 58 $16,500 $ 58 16,500 8,200 1,966 2,770 8,280 1,966 2,770 464 466 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 Planning Dudget Budget 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…

Vinubhai

Vinubhai

PLEASE SOLVE WITH COMPLETE  WORKING

+

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 ($355.00g) Expenses: Wages and salaries ($3,200+ $89.009) Fuel ($33.009) Airport fees ($840 + $32.009) Aircraft depreciation ($11.00q) Office expenses ($200 + $1.009) Total expense Net operating income Actual Results Flexible Budget Planning Budget 53 53 51 $ 16,300 $ 18,815 $ 18,105 7,879 7,917 7,739 1,913 1,749 1,683 2,421 2,536 2,472 583 583 561 421 253 251 13,217 13,038 12,706 $ 3,083 $ 5,777 $ 5,399 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 Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Flights (q) Revenue ($340.009) Vulcan Flyovers Operating Data For the Month Ended July 31 Expenses: Wages and salaries ($3,200 + $90.009) Fuel ($30.009) Airport fees ($800 + $33.009) Aircraft depreciation ($9.009) office expenses ($230 + $1.009) Total expense Net operating income Actual Results 55 $ 16,300 8,110 1,820 2,510 495 453 13,388 $ 2,912 Flexible Budget 55 $ 18,700 8,150 1,650 2,615 495 285 13,195 $ 5,505 Planning Budget 53 $ 18,020 7,970 1,590 2,549 477 283 12,869 $ 5,151 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…