Login

Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the...

60.1K

Verified Solution

Question

Accounting

Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the companys operations in July appear below:

Vulcan Flyovers

Operating Data

For the Month Ended July $31$

Actual Results Flexible Budget Planning Budget

Flights $($ q $) 54 54 52$

Revenue $($ $ $360.00$ q $)$ $ $16, 000$ $ $19, 440$ $ $18, 720$

Expenses:

Wages and salaries $($ $ $3, 600 +$ $ $86.00$ q $) 8, 212 8, 244 8, 072$

Fuel $($ $ $32.00$ q $) 1, 894 1, 728 1, 664$

Airport fees $($ $ $880 +$ $ $35.00$ q $) 2, 645 2, 770 2, 700$

Aircraft depreciation $($ $ $9.00$ q $) 486 486 468$

Office expenses $($ $ $210 +$ $ $1.00$ q $) 432 264 262$

Total expenses $13, 669 13, 492 13, 166$

Net operating income $ $2, 331$ $ $5, 948$ $ $5, 554$

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

Required:

$1 .$ Prepare a flexible budget performance report for July.

Answer & Explanation Solved by verified expert

answer-section

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

Other questions asked by students

Chemistry

1.2K views

CH 14 The reaction 2H2O2(aq)â†’2H2O(l)+O2(g) is first order in H2O2 and under certain conditions has a rate constant of...

Finance

1.2K views

0. A finance company that lends to â€œhigh-riskâ€ automobile buyers, finds the following variables important in...

Finance

1.2K views

Consider the following two projects, and assume a company's cost of capital is 15 percent. Find...

Physics

1.2K views

Helou from Croatia(Sorry for my bad english). I am having problems with fluid mechanichs. I wonder if...

Physics

1.2K views

hen one proton is taken towards the other oton then electric potential energy of the...

Physics

1.2K views

139 A closed organ pipe has length A The air in it is vibrating in...

Algebra

1.2K views

and a bass p 2 g for the vector space f x P 1 f...

Algebra

1.2K views

Evaluate without a calculator a 5 b 23

Accounting

1.2K views

When preparing the statement of cash flows, each of the following is a proper adjustment...

Accounting

1.2K views

According to the conceptual framework for AICPA indenpendence standards, which of the following is an...

Accounting

1.2K views

Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar amount: Dollar...

Accounting

1.2K views

Required information Problem 10-47 Comprehensive Problem on Variance Analysis (LO 10-1, 10-3, 10-6) The following...

1 Answer

$0.99

~~$1.99~~

(Save $1 )

One time Pay

No Ads
Answer to 1 Question
Get free Zin AI - 50 Thousand Words per Month

Best

Unlimited

$4.99*

~~$9.99~~

(Save $5 )

Billed Monthly

No Ads
Answers to Unlimited Questions
Get free Zin AI - 3 Million Words per Month

*First month only

Free

$0

Get this answer for free!
Sign up now to unlock the answer instantly

You can see the logs in the Dashboard.

Sign In

Don't have an account? Sign Up