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Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the companys operations in...

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Accounting

Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the companys operations in July appear below:
Vulcan Flyovers
Operating Data
For the Month Ended July 31
Actual Results Flexible Budget Planning Budget
Flights (q)484850
Revenue ($320.00q) $ 13,650 $ 15,360 $ 16,000
Expenses:
Wages and salaries ($4,000+ $82.00q)8,4307,9368,100
Fuel ($23.00q)1,2601,1041,150
Airport fees ($650+ $38.00q)2,3502,4742,550
Aircraft depreciation ($7.00q)336336350
Office expenses ($190+ $2.00q)460286290
Total expenses 12,83612,13612,440
Net operating income $ 814 $ 3,224 $ 3,560
The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount.

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