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: The company measures its activity in terms of flights. Customers can buy individual tickets for...
Vulcan Flyovers offers scenic over flights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company\'s operations in July appear below: The company measures its activity in terms of flights. Customers can buy individual tickets for over...
Brayboy Tile Installation Corporation measures its activity in terms of square feet of tile installed. Last month, the budgeted level of activity was 1,260 square feet and the actual level of activity was 1,200 square feet. The company\'s owner budgets for supply costs, a variable cost, at $3.90 per...
Using a maximum allowable shear stress of 60 MPa, find the shaft diameter needed to transmit35 kw when (a) The shaft speed is 2000 rev/min. (b) The shaft speed is 200 rev/min
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Lansing, Inc. provides the following information for one of its department\'s operations for June (no new material is added in Department T). WIP inventory-Department T Beginning inventory (8,300 units, 20% complete with respect to Departnent T casts) Transferred-in costs (from Department S)...
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:
Vülcan Flyovers
Operating Data
For the Month Ended July 31
Actual
Results
53
$ 16,200
Flexible Planning
Budget
53
$ 18,815
Budget
Flights (q)
Revenue ($355.00g)
Expenses:
Wages and salaries ($3,500 + $89.00g)
Fuel ($31.00q)
Airport fees ($870 + $34.00g)
Aircraft depreciation ($11.00g)
Office expenses ($220 + $1.00q)
Total expense
51
$ 18,105
8,179
1,811
2,532
583
441
8,217
1,643
2,672
583
273
8,039
1,581
2,604
561
271
13,546
$ 2,654
13,388
$ 5,427
13,056
$ 5,049
Net operating income
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 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
Flexible Budget Performance Report
For the Month Ended July 31
Revenue and Spending
Variances
Actual
Results
Flexible
Budget
Planning
Budget
Activity Variances
Flights
53
53
51
Revenue
16,200
18,815
18,105
Expenses:
Wages and salaries
8,179
8,217
8,039
Fuel
1,811
1,643
1,581
Airport fees
2,532
2,672
2,604
Aircraft depreciation
583
583
561
Office expenses
441
273
271
Total expense
13,546
13,388
13,056
Net operating income
2,654
5,427
5,049
