Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($340.00g) Expenses: Wages and salaries ($3,200 + $85.00q) Fuel ($32.00g) Airport fees ($860+ $32.00g) Aircraft depreciation ($9.00g) Office expenses ($230+ $1.00q) Total expense Net operating income Actual Results 61 $ 16,400 8,355 2,118 2,677 549 459 14, 158 2 243 Flexible Budget 61 $ 20,740 8,385 1,952 2,812 549 291 13,989 Planning Budget 59 $ 20,060 8,215 1,888 2,748 531 289 13,671 300
Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($340.00g) Expenses: Wages and salaries ($3,200 + $85.00q) Fuel ($32.00g) Airport fees ($860+ $32.00g) Aircraft depreciation ($9.00g) Office expenses ($230+ $1.00q) Total expense Net operating income Actual Results 61 $ 16,400 8,355 2,118 2,677 549 459 14, 158 2 243 Flexible Budget 61 $ 20,740 8,385 1,952 2,812 549 291 13,989 Planning Budget 59 $ 20,060 8,215 1,888 2,748 531 289 13,671 300
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter1: Introduction To Managerial Accounting
Section: Chapter Questions
Problem 6BE: Jakes Cabins is a small motel chain with locations near the national parks of Utah, Wyoming, and...
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![es
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:
Flights (q)
Revenue ($340.00g)
Expenses:
Wages and salaries ($3,200 + $85.00q)
Fuel ($32.00g)
Vulcan Flyovers
Operating Data
For the Month Ended July 31
Airport fees ($860+ $32.00q)
Aircraft depreciation ($9.00q)
Office expenses ($230+ $1.00q)
Total expense
Net operating income
124
Actual
Results
61
$ 16,400
JUL
10
8,355
2,118
2,677
549
459
14, 158
Flexible
Budget
61
$ 20,740
< Prev
8,385
1,952
2,812
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.
Vulcan Flyovers
Flexible Budget Performance Report
For the Month Ended July 31
tv
549
291
13,989
13,671
$ 2,242 $ 6,751 $ 6,389
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.)
3 of 8
Planning
Budget
59
$ 20,060
8,215
1,888
2,748
531
289
#
Next >
A
Che](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2c89fb8-28c7-4f54-82f8-eda7977d51b8%2F37aaa215-fa12-4357-a10f-86503aa2a492%2F6bskj8x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:es
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:
Flights (q)
Revenue ($340.00g)
Expenses:
Wages and salaries ($3,200 + $85.00q)
Fuel ($32.00g)
Vulcan Flyovers
Operating Data
For the Month Ended July 31
Airport fees ($860+ $32.00q)
Aircraft depreciation ($9.00q)
Office expenses ($230+ $1.00q)
Total expense
Net operating income
124
Actual
Results
61
$ 16,400
JUL
10
8,355
2,118
2,677
549
459
14, 158
Flexible
Budget
61
$ 20,740
< Prev
8,385
1,952
2,812
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.
Vulcan Flyovers
Flexible Budget Performance Report
For the Month Ended July 31
tv
549
291
13,989
13,671
$ 2,242 $ 6,751 $ 6,389
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.)
3 of 8
Planning
Budget
59
$ 20,060
8,215
1,888
2,748
531
289
#
Next >
A
Che
![Required:
1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variance
the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variar
all amounts as positive values.)
Flights
Revenue
Expenses:
Wages and salaries
Fuel
Airport fees
Aircraft depreciation
Office expenses
Total expense
Net operating income
Actual Results
$
$
61
16,400
8,355
2,118
2,677
549
459
14,158
2,242
Vulcan Flyovers
Flexible Budget Performance Report
For the Month Ended July 31
$
$
Flexible
Budget
61
20,740
8,385
1,952
2,812
549
291
13,989
6,751
Planning
Budget
$
1101
$
59
20,060
8,215
1,888
2,748
531
289
13,671
6,389](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe2c89fb8-28c7-4f54-82f8-eda7977d51b8%2F37aaa215-fa12-4357-a10f-86503aa2a492%2Fc9izl8ca_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Required:
1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variance
the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variar
all amounts as positive values.)
Flights
Revenue
Expenses:
Wages and salaries
Fuel
Airport fees
Aircraft depreciation
Office expenses
Total expense
Net operating income
Actual Results
$
$
61
16,400
8,355
2,118
2,677
549
459
14,158
2,242
Vulcan Flyovers
Flexible Budget Performance Report
For the Month Ended July 31
$
$
Flexible
Budget
61
20,740
8,385
1,952
2,812
549
291
13,989
6,751
Planning
Budget
$
1101
$
59
20,060
8,215
1,888
2,748
531
289
13,671
6,389
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