Question: Prepare a flexible budget performance report for the school for July actual results planning budget variances lessons 155 150 revenue 33,900 33,000 900 expenses instructor

Prepare a flexible budget performance report for the school for July

actual results planning budget variances
lessons 155 150
revenue 33,900 33,000 900
expenses
instructor expenses 9870 9750 120u
aircraft depreciation 5890 5700 190u
fuel 2750 2250 500u
maintenance 2450 2330 120u
ground facility expenses 1540 1550 10f
administration 3320 3390 70f
total expenses 25820 24970 850u
net operating income 8080 8030 50f
revenue 220q
instructor wages 65q
aircraft depreciation 38q
fuel 15q
maintenance $530 + 12q
ground facility expenses $1250 + 2q
administration $3240 + 1q

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