TipTop Filght School offers flying lessons at a small municipal alrport. The school's owner and...
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TipTop Filght School offers flying lessons at a small municipal alrport. The school's owner and manager attempted to evaluate performance and control costs using a varlance report comparing the planning budget to actual results. A recent variance report appears below: After several months of using these reports, the owner has become frustrated. For example, she is confident instructor wages were very tightly controlled in July, but the report shows an unfavorable variance. She developed the planning budget using the following formulas, where is the number of lessons sold: Required: Complete the flexible budget performance report for the school for July. Note: Indicate the effect of each varlance by selecting F for favorable, U for unfavorable, and "None" for no effect e zero variance Input all amounts as positive values. 
TipTop Filght School offers flying lessons at a small municipal alrport. The school's owner and manager attempted to evaluate
performance and control costs using a varlance report comparing the planning budget to actual results. A recent variance report
appears below:
After several months of using these reports, the owner has become frustrated. For example, she is confident instructor wages were
very tightly controlled in July, but the report shows an unfavorable variance.
She developed the planning budget using the following formulas, where is the number of lessons sold:
Required:
Complete the flexible budget performance report for the school for July.
Note: Indicate the effect of each varlance by selecting F for favorable, U for unfavorable, and "None" for no effect e zero
variance Input all amounts as positive values.
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