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The company measures its activity in terms of flights. Customers can buy individual tickets for...

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Accounting

The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount.
Required:
Prepare a flexible budget performance report for July.
Note: 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.
\table[[Vulcan Flyovers],[Flexible Budget Performance Report],[For the Month Ended July 31],[,Acti,Results,,,,,\table[[xible],[Iget]],,\table[[Planning],[Budget]]],[Flights,,54,,,-,,54,,,52],[Revenue,$,16,300,$,2,870,U,$,19,170,,$,18,460],[Expenses:,,,,,,,,53,,],[Wages and salaries,,8,412,,32,,F,,8,444,,,8,272],[Fuel,,1,790,,170,?bar(U),,1,620,,,1,560],[Airport fees,,2,541,,145,F,,2,686,,,2,618],[Aircraft depreciation,,594,,0,None,,594,,,572],[Office expenses,,442,,168,?bar(U),,274,,,272],[Total expenses,,13,779,,161,?bar(U),,13,618,,,13,294],[Net operating income,$,2,521,$,3.031,U,$,5,552,,5,5,166]]
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