Vulcen Fyovers offers scenik overtlights of Mount St. Helens, the volcano in Was
ID: 2597129 • Letter: V
Question
Vulcen Fyovers offers scenik overtlights of Mount St. Helens, the volcano in Washington State that explosvely erupted In 1982 Deta conceming the compemy's operatons In July appear below Operating Data Por the Month tnded July 3 Aetual Flexiblerl riights (9) 16,200 $21 390 20, 700 Expenses Rages and salaries (53,600 $88.00g) Puel (033.00g) Alrport fees ($830 $31.00g) Aireraft depreclation (10.004) ottiee expenses (8220 1.00g) ,020 9.056 ,880 2,2102.046 ,980 2,622 2,752 2,63 ces 62020600 Set operating inoone company meesures its ativity in terms of flignts Customers can buy Individual tckets for overflights or nire an entire piane for an overignt at a discount. Required: 1 Prepare a Sexible budget performance repont for July that includes r varances. tindicate the effect of each varlance by selecting for favereble. V for unfavorable, and "None" for no effect pe, rero varlánice Input all amounts as positive values revenue and spending vartances and actvty For the Month Ended July 31 Expenses: Wages and 8.8801 2.21 Airport fees 2,690 Tota expense Net operating 62701 MacBook AiExplanation / Answer
Actual results Flexible Budget Planning Budget Flights 62 62 60 Revenue 16200 5190 U 21390 150 F 21240 Expense Wages and Salaeris 9020 36 F 9056 176 U 8880 Fuel 2210 164 U 2046 66 U 1980 Airport fees 2622 130 F 2752 62 U 2690 Office Expense 450 248 U 202 78 F 280 Total Expense 14302 246 U 14056 226 U 13830 Net Operating Income 1898 5436 U 7334 76 U 7410
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