Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below:Vulcan FlyoversOperating DataFor the Month Ended July 31Flights (q)Revenue ($340.00q)Expenses:Wages and salaries ($3,400 + $91.00q)Fuel ($32.00q)Airport fees ($870 + $34.00q)Aircraft depreciation ($10.000)Office expenses ($210+ $1.00q)Total expensesNet operating incomeFlightsRevenueExpenses:Wages and salariesActual Results$ActualResults5616,20056$ 16, 2008,4548,4541,9582,649560434The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at adiscount.FlexibleBudget56$19,040Required:1. Prepare a flexible budget performance report for July.Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zerovariance). Input all amounts as positive values.8,4961,7922,77456026614,05513,888$ 2,145 $5,152$Vulcan FlyoversFlexible Budget Performance ReportFor the Month Ended July 31FlexibleBudgetPlanningBudget54$18,3605619,0408,3141,7282,7065402648,49613,552$ 4,808PlanningBudget$5418,3608,314

The flexible budget is prepared on the basis of standard rates for the Actual level of production. A…

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Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below:

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter7: Allocating Costs Of Support Departments And Joint Products

Section: Chapter Questions

Problem 30E: A company uses charging rates to allocate service department costs to the using departments. The...

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Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($350.00 q) Expenses: Wages and salaries ($3,600 + $88.00 q) Fuel ($31.00 q) Airport fees ($880 + $33.00 q) Aircraft depreciation ($10.00q) Actual Results Flexible Budget Planning Budget 56 56 54 $ 16,400 $ 19,600 $ 18,900 8,492 1,904 2,588 560 454 8,528 1,736 2,728 560 286 13,998 $ 2,402 Office expenses ($230 + $1.00q) Total expenses Net operating income The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. Required: 1. Prepare a flexible budget performance report for July. Note: 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. 8,352 1,674 2,662 540 284 13,512 $…
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: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($355.00g) Expenses: Wages and salaries ($3,200+ $89.009) Fuel ($33.009) Airport fees ($840 + $32.009) Aircraft depreciation ($11.00q) Office expenses ($200 + $1.009) Total expense Net operating income Actual Results Flexible Budget Planning Budget 53 53 51 $ 16,300 $ 18,815 $ 18,105 7,879 7,917 7,739 1,913 1,749 1,683 2,421 2,536 2,472 583 583 561 421 253 251 13,217 13,038 12,706 $ 3,083 $ 5,777 $ 5,399 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: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the…
Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Flights (9) Revenue ($355.00g) Expenses: Wages and salaries ($3,700 + $89.00q) Fuel ($31.009) Airport fees ($880 + $33.00q) Aircraft depreciation ($11.00q) Office expenses ($240 + $1.00q) Total expenses Net operating income Vulcan Flyovers Operating Data For the Month Ended July 31 Flights Revenue Expenses Wages and salaries Fuel Actual Results $ Actual Results 54 16,400 54 $ 16,400 8.468 1,842 8,468 1,842 2,547 594 462 13,913 $ 2,487 Flexible Planning Budget Budget 54 $ 19,170 8,506 1,674 2,662 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount. $ Required: 1. Prepare a flexible budget performance report for July. Note: 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…
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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 ($340.009) Vulcan Flyovers Operating Data For the Month Ended July 31 Expenses: Wages and salaries ($3,200 + $90.009) Fuel ($30.009) Airport fees ($800 + $33.009) Aircraft depreciation ($9.009) office expenses ($230 + $1.009) Total expense Net operating income Actual Results 55 $ 16,300 8,110 1,820 2,510 495 453 13,388 $ 2,912 Flexible Budget 55 $ 18,700 8,150 1,650 2,615 495 285 13,195 $ 5,505 Planning Budget 53 $ 18,020 7,970 1,590 2,549 477 283 12,869 $ 5,151 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: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the…
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: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (9) Revenue ($360.009) Expenses: Wages and salaries ($3,500 + $91.009) Fuel ($32.009) Airport fees ($840 + $32.009) Aircraft depreciation ($8.009) Office expenses ($210 + $1.009) Total expense Net operating income Actual Results Flexible Budget Planning Budget 53 53 51 $ 16,100 $ 19,080 $ 18,360 8,281 8,323 8,141 1,862 1,696 1,632 2,386 2,536 2,472 424 431 13,384 424 408 263 261 13,242 12,914 $ 2,716 $ 5,838 $ 5,446 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: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. Note: Indicate the…
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: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (9) Revenue ($345.00q) Expenses: Wages and salaries ($3,200 + $92.009) Fuel ($30.009) Airport fees ($830 + $34.009) Aircraft depreciation ($10.009) Office expenses ($250 + $1.009) Total expense Net operating income Actual Results Flexible Budget Planning Budget 56 56 54 $ 16,100 $ 19,320 $ 18,630 8,308 8,352 8,168 1,850 1,680 1,620 2,619 2,734 2,666 560 560 540 474 306 304 13,811 13,632 13,298 $ 2,289 $ 5,688 $ 5,332 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: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the…
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 ActualResults FlexibleBudget PlanningBudget Flights (q) 60 60 58 Revenue ($345.00q) $ 16,500 $ 20,700 $ 20,010 Expenses: Wages and salaries ($3,300 + $88.00q) 8,544 8,580 8,404 Fuel ($33.00q) 2,144 1,980 1,914 Airport fees ($820 + $32.00q) 2,590 2,740 2,676 Aircraft depreciation ($9.00q) 540 540 522 Office expenses ($240 + $1.00q) 468 300 298 Total expense 14,286 14,140 13,814 Net operating income $ 2,214 $ 6,560 $ 6,196 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: 1. Prepare a flexible budget…
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 ActualResults FlexibleBudget PlanningBudget Flights (q) 56 56 54 Revenue ($355.00q) $ 16,400 $ 19,880 $ 19,170 Expenses: Wages and salaries ($3,700 + $85.00q) 8,430 8,460 8,290 Fuel ($32.00q) 1,958 1,792 1,728 Airport fees ($820 + $31.00q) 2,416 2,556 2,494 Aircraft depreciation ($8.00q) 448 448 432 Office expenses ($240 + $1.00q) 464 296 294 Total expense 13,716 13,552 13,238 Net operating income $ 2,684 $ 6,328 $ 5,932 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: 1. Prepare a flexible budget…
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 ActualResults FlexibleBudget PlanningBudget Flights (q) 52 52 50 Revenue ($355.00q) $ 16,300 $ 18,460 $ 17,750 Expenses: Wages and salaries ($3,700 + $90.00q) 8,340 8,380 8,200 Fuel ($32.00q) 1,830 1,664 1,600 Airport fees ($810 + $30.00q) 2,250 2,370 2,310 Aircraft depreciation ($8.00q) 416 416 400 Office expenses ($230 + $1.00q) 450 282 280 Total expense 13,286 13,112 12,790 Net operating income $ 3,014 $ 5,348 $ 4,960 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: 1. Prepare a flexible budget…
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