Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Wa

Question

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 Flights ( Revenue (5320.00q) 13,650 $15.360 16.000 Expenses Wages and salaries ($4,000+$82.00g)8,4307.9368.100 Fuel ($23.00q) Airport fees ($650+$38.00g Aircraft depreciation ($7.00g) Office expenses ($190+$2.00g 1,260 1,150 350 2474 2.550 350 336 460 336 286 Total expense 12.836 2136 12.440 Net operating income 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 Complete the flexible budget performance report abstract for July. (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.) Flexible Budget Performance Report For the Month Ended July 31 Wages and salaries Fuel Airport fees Aircraft depreciation Net operating income

Explanation / Answer

Revenue and spending variance and activity variance :

Revenue and spending variance Activity variance Revenue 1710 U 640 U Expenses : Wages and salaries 494 U 164 F Fuel 156 U 46 F Airport fees 124 F 76 F Aircraft depreciation 0 None 14 F Office expense 174 U 4 F Total expense 700 U 304 F Net operating income 2410 U 336 U

Related Questions

Navigate

• Browse (All)
• Browse V
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.