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4 Vulcan Flyovers offers scenic overflights of Mount...

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Accounting

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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: The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an verflight at a discount. Required: Prepare a flexible budget performance report for July that includes revenue and spending variances and activity varlances. (Indicate he effect of each voriance by selecting "F" for favorable, " U " for unfovorable, and "None" for no effect (i.e., zero variance). Input Il amounts as positive values.) 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. (Indicote the effect of each varionce by selecting " F " for fovorable, " U " for unfovorable, and "None" for no effect (i.e., zero varionce). Input all amounts os positive values.)

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