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ACC 303 Homework Flexible Budget Performance Report The company measures its activity in terms...

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ACC 303 Homework Flexible Budget Performance Report The company measures its activity in terms of flights. Customers can buy individual tickets for Required Mt. Hood Air offers scenic overflights of Mt. hood and the Columbia River gorge overflights or hire an entire plane for an overflight at a discount. Complete the flexible budget performance report below Mt. Hood Air Flexible Budget Performance Report Revenue & Actual Results Planning Budget Activity Variances Flexible Budget Sending variances 70 Cient-Flights (a) 75 35,000 Revenue (S460.00q) Expenses: Wages & salaries ($3,800+ $95.00q) Fuel ($40.00) Airport fees (5870+$30.00) Aircraft depreciation ($10.00q) Office expenses ($200+$1.00q) $ 12,100 3,100 350 19,050 Total expenses 950 Net operating income

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