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Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget 55 Flights (q) 55 53 $ 16,100 $ 19,800 $ 19,080 Revenue ($360.009) Expenses: Wages and salaries ($3,300 + $89.009) Fuel ($31.009) Airport fees ($820 + $33.009) Aircraft depreciation ($9.00q) Office expenses ($210 + $1.009) Total expense Net operating income 8, 157 8,195 8,017 1,873 1,705 1,643 2,535 2,635 2,569 495 495 477 433 265 263 13,493 13,295 12,969 $ 2,607 $ 6,505 $ 6,111 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget 55 Actual Results Planning Budget 53 Flights 55 Revenue $ 16,100 $ 19,800 $ 19,080 Expenses: Wages and salaries 8,157 8,195 8,017 Fuel 1,873 1,705 1,643 Airport fees 2,535 2,635 2,569 Aircraft depreciation 495 495 477 Office expenses 433 265 263 Total expense 13,295 12,969 13,493 2,607 Net operating income $ $ 6,505 $ 6,111

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