Mt. Hood Air offers scenic overflights of Mt. Hood and the Columbia River gorge. Data concerning the
Question:
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.
Required:
1. Prepare a flexible budget performance report for August.
2. Which of the variances should be of concern to management?Explain.
Transcribed Image Text:
Mt. Hood Air Operating Data For the Month Ended August 31 PlanningFlexible Actual Budget Budget Results 50 52 52 Expenses 8,400 1,700 2,620 550 280 13,550 8,540 1,930 2,690 572 450 13,896 14,182 8,584 1,768 2,690 572 282 Wages and salaries ($3,800 $92.00q) . . .. Aircraft depreciation ($11.00q) . . . .
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Related Book For
Managerial Accounting
ISBN: 978-0078111006
14th edition
Authors: Ray Garrison, Eric Noreen and Peter Brewer
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