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 Results Budget Budget 50 $13,650 $15,360 $16,000 Flights (q) Revenue ($320.00q) 48 48 Expenses: Fuel ($23.00q) Airport fees ($650+ $38.00q) Aircraft depreciation ($7.00q) Office expenses ($190 + $2.00q) Wages and salaries ($4,000 $82.00q) 8,4307,936 8,100 1,150 2,550 350 290 1,260 2,350 336 460 1,104 2,474 336 286 Total expense 12,83612,136 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

Explanation / Answer

Revenue and spending variances Activity variances Revenue 1710 U 640 U 15360-13650 16000-15360

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