Vulcan Flyovers offers scenic overflights of Mount Saint Helens. 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 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 ie zero variance Input all amounts as positive values.
tableVulcan FlyoversFlexible Budget Performance ReportFor the Month Ended July Actual Results,tableRevenue and SpendingVariancestableFlexibleBudgetActivity Variances,tablePlanningBudgetFlightsRevenueExpenses:Wages and salaries,
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