psy activity pter 9 Exercises Saved Help Save 4 Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Flexible Budget 54 18,360 planning Budget 52 1.17.680 Blok Vulcan Flyovers Operating Data For the Month Ended July 1 Actual Results Plights (9) 54 Revenue ($340.000) 516,200 Expenses: Mager and salaries (5,000+ $87.000) Fuel (033.000) 1.966 Airport toes (9830. 331.000) 2,399 Aircraft depreciation (510.000) 540 office expenses (5220 - $1.009) 442 Total expense 13,791 Het operating income $ 2,409 Print 8,498 1,782 2,504 540 274 13,590 $ 4,762 8.324 1,716 2,442 520 272 13274 4,406 The company measures its activity in terms of fights Customers can buy Individual tickets for overlights or hire an entire plane for an overtlight at a discount Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effectie, zero variance). Input all amounts as positive values.) rcises Saved Help Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) Vulcan Flyovers Floxible Budget Performance Report For the Month Ended July 31 Flexible Budget 54 $ 18,360 Actual Results Planning Budget 52 54 16,200 $ $ 17,680 Flights Revenue Expenses Wages and salaries Fuel 8,464 8,498 1,782 Airport foes Aircraft depreciation Office expenses Total expense Net operating incomo 1,946 2,399 540 442 2,504 540 274 13,598 4,762 8,324 1,716 2.442 520 272 13,274 4.406 13,791 2,409 $ $ $