Prepare a flexible budget performance report for the school for July ...
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Accounting
Prepare a flexible budget performance report for the school for July
| actual results | planning budget | variances | |
| lessons | 155 | 150 | |
| revenue | 33,900 | 33,000 | 900 |
| expenses | |||
| instructor expenses | 9870 | 9750 | 120u |
| aircraft depreciation | 5890 | 5700 | 190u |
| fuel | 2750 | 2250 | 500u |
| maintenance | 2450 | 2330 | 120u |
| ground facility expenses | 1540 | 1550 | 10f |
| administration | 3320 | 3390 | 70f |
| total expenses | 25820 | 24970 | 850u |
| net operating income | 8080 | 8030 | 50f |
| revenue | 220q |
| instructor wages | 65q |
| aircraft depreciation | 38q |
| fuel | 15q |
| maintenance | $530 + 12q |
| ground facility expenses | $1250 + 2q |
| administration | $3240 + 1q |
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