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

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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)595957
Revenue ($345.00q) $ 16,000 $ 20,355 $ 19,665
Expenses:
Wages and salaries ($3,200+ $87.00q)8,2998,3338,159
Fuel ($33.00q)2,1111,9471,881
Airport fees ($830+ $34.00q)2,7112,8362,768
Aircraft depreciation ($8.00q)472472456
Office expenses ($230+ $1.00q)457289287
Total expenses 14,05013,87713,551
Net operating income $ 1,950 $ 6,478 $ 6,114
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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