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 ($350.000) Expenses: Wages and salaries ($3,700+ $89.009) Fuel ($32.00q) Airport feest ($800 +$32.00q) Aircraft depreciation ($11.00q) Office expenses ($240 + $1.00q) Total expenses Net operating income Actual Results Flexible Budget Planning Budget 52 52 50 $ 16,400 $ 18,200 $ 17,500 8,290 8,328 8,150 1,830 1,664 1,600 2,339 2,464 2,400 572 572 550 460 13,491 292 290 13,320 12,990 $ 2,909 $ 4,880 $ 4,510 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at 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., zer variance). Input all amounts as positive values.
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 ($350.000) Expenses: Wages and salaries ($3,700+ $89.009) Fuel ($32.00q) Airport feest ($800 +$32.00q) Aircraft depreciation ($11.00q) Office expenses ($240 + $1.00q) Total expenses Net operating income Actual Results Flexible Budget Planning Budget 52 52 50 $ 16,400 $ 18,200 $ 17,500 8,290 8,328 8,150 1,830 1,664 1,600 2,339 2,464 2,400 572 572 550 460 13,491 292 290 13,320 12,990 $ 2,909 $ 4,880 $ 4,510 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at 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., zer variance). Input all amounts as positive values.
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...
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