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 Results Budget Budget Flights (q) 56 56 54 Revenue ($355.00g) Expenses: wages and salaries ($3,500 + $89.00g) Fuel ($34.00q) Airport fees ($880 + $33.8eq) Aircraft depreciation ($9.00g) Office expenses ($220 + $1.00g) Total expense $ 16,400 $ 19,880 $ 19,170 8,446 2,066 8, 484 1,904 2,728 8, 306 1,836 2,662 2,613 584 504 486 444 276 274 14,873 $ 2,327 $ 5,984 $ 5,606 13,896 13,564 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 cach varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results Planning Budget Flights 56 56 54 Revenue 16.400 19,880 19,170 Expenses: Wages and salaries 8,446 8,484 8,306 Fuel 2,086 1,904 1,836 Airport fees 2,613 2,728 2,662 Airoraft depreciation 504 504 486 Office expenses 444 276 274 Total expense 14,073 13,896 13,564 Net operating income 2,327 5,984 5,606

Astroll Mahato Company has provided the following report for the most recent period. Astroli Mahato Company For the Period Ended March 31 Actual Results Planning Budget Machine-hours Direct labor wages Supplies Maintenance Utilities Supervision Depreciation Total 42,000 $ 74,000 40,000 $ 72,400 22,300 20,800 22,500 20,500 20,200 19,100 43,000 43,000 71,000 $ 253,000 71,000 $ 246,800 Direct labor wages and supplies are variable costs; supervision and depreciation are fixed costs; and maintenance and utilities are mixed costs. The fixed component of the budgeted maintenance cost is $12,900; the fixed component of the budgeted utilities cost is $13,000. Required: 2. Complete the performance report below to calculate the spending variances for the period. (Do not round your intermediate calculations. 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.) Astroli Mahato…

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