Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Dataconcerning the company's operations in July appear below:Vulcan FlyoversOperating DataFor the Month Ended July 31ActualResultsFlexibleBudgetPlanningBudgetFlights (q)Revenue ($320.00q)Expenses:Wages and salaries ($4,000+ $82.009)Fuel ($23.00q)Airport fees ($650 + $38.009)Aircraft depreciation ($7.009)Office expenses ($190 + $2.00q)Total expenseNet operating income484850$ 13,650$ 15,360$ 16,0008,4307,9368,1001,2601,1041,1502,3502,4742,55033633635046028629012,83612,13612,440$ 814$ 3,224$ 3,560The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for anoverflight 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 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.Vulcan FlyoversFlexible Budget Performance ReportFor the Month Ended July 31FlightsRevenueExpenses:ActualResults48$ 13,650FlexibleBudgetPlanningBudget4850$15,360$16,000Wages and salaries8,430Fuel1,2607,9361,1048,1001,150Airport fees2,3502,4742,550Aircraft depreciation336336350Office expenses460286290Total expense12,83612,13612,440Net operating income$814$3,224$3,560

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Description: Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Dataconcerning the company's operations in July appear below:Vulcan FlyoversOperating DataFor the Month Ended July 31A

A flexible budget is a budgeting tool that adjusts to changes in activity levels or other variables…

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Accounting

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 ($320.00g) Expenses: Wages and salaries ($4,000+ $82.00) Fuel ($23.00q) Airport fees ($650 +$38.009) Aircraft depreciation ($7.00) Office expenses ($190 +$2.00) Total expense Net operating income Actual Results Flexible Budget Planning Budget 48 48 50 $ 13,650 $15,360 $16,000 8,430 7,936 8,100 1,260 1,104 1,150 2,350 2,474 2,550 336 336 350 460 286 12,836 12,136 290 12,440 $814 $ 3,224 $ 3,560

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 ($320.00g) Expenses: Wages and salaries ($4,000+ $82.00) Fuel ($23.00q) Airport fees ($650 +$38.009) Aircraft depreciation ($7.00) Office expenses ($190 +$2.00) Total expense Net operating income Actual Results Flexible Budget Planning Budget 48 48 50 $ 13,650 $15,360 $16,000 8,430 7,936 8,100 1,260 1,104 1,150 2,350 2,474 2,550 336 336 350 460 286 12,836 12,136 290 12,440 $814 $ 3,224 $ 3,560

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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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…
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he Amano Hotel has accumulated records of the total electrical costs of the Hotel and the number of occupancy-days over the last year. An occupancy- day represents a room rented out for one day. The hotel's business is highly Seasonal, with peaks occurring during the ski season and in the summer. Month January. February.. March.. Electrical Costs Оссирапсу-Days 2,604 2,856 3,534 1,440 P6,257 P6,550 P7,986 P4,022 P2,289 P3,591 P7,264 P8,111 P3,707 P1,712 Р3,321 P5,196 April.. Мay. June.. 540 July. August... September. October.. 1,116 3,162 3,608 1,260 186 1,080 2,046 November. December....
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