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Vulcan Flyovers offers scenic overflights Helens, the concerning the company's operations in July appear below: Flights (q) Revenue ($350.00g) Expenses: Wages and salaries ($3,300 + $86.00g) Fuel ($33.00g) Airport fees ($890+$32.00g) Aircraft depreciation ($10.00g) Office expenses ($210+ $1.00g) Total expense Net operating income Vulcan Flyovers Operating Data For the Month Ended July 31 Flights Revenue Expenses: Wages and salaries Actual Results $ Actual Results 55 16,200 55 $ 16,200 7,998 7,998 1,979 2,535 550 433 icano in Washington State that explosively erupted in 1982. Data Flexible Budget 55 $ 19,250 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. 8,030 1,815 2,650 Required: . Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (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.) 550 265 Vulcan Flyovers Flexible Budget Performance Report For the Month Ented July 31 13,495 13,310 12,986 $ 2,705 $ 5,940 $ 5,564 Flexible Budget Planning Budget $18,550 53 55 19,250 7,858 1,749 2,586 530 263 8,030 $ Planning Budget 53 18,550 7,858

Vulcan Flyovers offers scenic overflights Helens, the concerning the company's operations in July appear below: Flights (q) Revenue ($350.00g) Expenses: Wages and salaries ($3,300 + $86.00g) Fuel ($33.00g) Airport fees ($890+$32.00g) Aircraft depreciation ($10.00g) Office expenses ($210+ $1.00g) Total expense Net operating income Vulcan Flyovers Operating Data For the Month Ended July 31 Flights Revenue Expenses: Wages and salaries Actual Results $ Actual Results 55 16,200 55 $ 16,200 7,998 7,998 1,979 2,535 550 433 icano in Washington State that explosively erupted in 1982. Data Flexible Budget 55 $ 19,250 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. 8,030 1,815 2,650 Required: . Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (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.) 550 265 Vulcan Flyovers Flexible Budget Performance Report For the Month Ented July 31 13,495 13,310 12,986 $ 2,705 $ 5,940 $ 5,564 Flexible Budget Planning Budget $18,550 53 55 19,250 7,858 1,749 2,586 530 263 8,030 $ Planning Budget 53 18,550 7,858

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Any help as soon as possible would be so appreciated, thanks
3 @ Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: S Flights (q) Revenue ($350.00g) Expenses: Wages and salaries ($3,300 + $86.00g) Fuel ($33.00g) Total expense Net operating income W Airport fees ($890+ $32.00g) Aircraft depreciation ($10.00g) Office expenses ($210+ $1.00g) Flights Revenue Expenses: Wages and salaries 30² F2 #3 80 F3 E Vulcan Flyovers Operating Data For the Month Ended July 31. D 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. Actual Results $ Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (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.) $ 4 55 16,200 7,998 Q F4 R F % 5 F5 Actual Results T 55 $ 16,200 T 7,998 1,979 2,535 G 550 433 13,495 $ 2,705 Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Prev ^ Flexible Budget 6 55 $ 19,250 $ 8,030 1,815 2,650 550 265 13,310 $5,940 F6 Flexible Budget 55 19,250 Y 8,030 1 of 4 MacBook Air Planning Budget H 53 $ 18,550 & 7 7,858 1,749 2,586 530 263 12,986 $ 5,564 F7 U Next > * 00 8 J DII F8 $ Planning Budget 53 18,550 7,858 9 K F9 0 ) 0 A L F10 P
Transcribed Image Text:3 @ Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: S Flights (q) Revenue ($350.00g) Expenses: Wages and salaries ($3,300 + $86.00g) Fuel ($33.00g) Total expense Net operating income W Airport fees ($890+ $32.00g) Aircraft depreciation ($10.00g) Office expenses ($210+ $1.00g) Flights Revenue Expenses: Wages and salaries 30² F2 #3 80 F3 E Vulcan Flyovers Operating Data For the Month Ended July 31. D 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. Actual Results $ Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (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.) $ 4 55 16,200 7,998 Q F4 R F % 5 F5 Actual Results T 55 $ 16,200 T 7,998 1,979 2,535 G 550 433 13,495 $ 2,705 Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Prev ^ Flexible Budget 6 55 $ 19,250 $ 8,030 1,815 2,650 550 265 13,310 $5,940 F6 Flexible Budget 55 19,250 Y 8,030 1 of 4 MacBook Air Planning Budget H 53 $ 18,550 & 7 7,858 1,749 2,586 530 263 12,986 $ 5,564 F7 U Next > * 00 8 J DII F8 $ Planning Budget 53 18,550 7,858 9 K F9 0 ) 0 A L F10 P
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