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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 Flights (9) 55 55 53 Revenue ($350.089) $ 16,100 $ 19,250 $ 18,550 Expenses: Wages and salaries ($3,600 + $89.08) 8,457 8,495 8,317 Fuel ($32.089) 1,926 1,760 1,696 Airport fees ($840 + $31.08) 2,430 2,545 2,483 Aircraft depreciation ($10.989) 550 530 office expenses ($240 + $1.089) 463 295 293 Total expense 13,826 13,645 13,319 Net operating income $ 2,274 $ 5,605 $ 5,231 550 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 Actual Results Planning Budget 53 Flights 55 55 $ 16,100 $ 19.250 $ 18,550 Revenue Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expense Net operating income 8,457 1,926 2,430 550 8,495 1,760 2,545 8,317 1,696 2,483 530 550 463 295 13,826 2,274 13,645 5,605 293 13,319 5,231 $ $ $ RA

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