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The company measures its activity in terms of flights. Customers can buy individual tickets for...

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Accounting

The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount.

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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.

$\$ table $[[$ Vulcan Flyovers $], [$ Flexible Budget Performance Report $], [$ For the Month Ended July $31], [,$ Acti,Results,,,,, $\$ table $[[$ xible $], [$ Iget $]],, \$ table $[[$ Planning $], [$ Budget $]]], [$ Flights $,, 54,,, -,, 54,,, 52], [$ Revenue $,$ $ $, 16, 300,$ $ $, 2, 870,$ U $,$ $ $, 19, 170,,$ $ $, 18, 460], [$ Expenses: $,,,,,,,, 53,,], [$ Wages and salaries,, $8, 412,, 32,,$ F $,, 8, 444,,, 8, 272], [$ Fuel $,, 1, 790,, 170, \frac{?}{b a r} (U),, 1, 620,,, 1, 560], [$ Airport fees,, $2, 541,, 145,$ F $,, 2, 686,,, 2, 618], [$ Aircraft depreciation,, $594,, 0,$ None,, $594,,, 572], [$ Office expenses,, $442,, 168, \frac{?}{b a r} (U),, 274,,, 272], [$ Total expenses,, $13, 779,, 161, \frac{?}{b a r} (U),, 13, 618,,, 13, 294], [$ Net operating income,$ $, 2, 521,$ $ $, 3.031,$ U $,$ $ $, 5, 552,, 5, 5, 166]]$

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