TipTop Flight School offers flying lessons at a small municipal airpor.docx
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Total fixed costs Select one- a- are constant as output increases- b-.docx
TipTop Flight School offers flying lessons at a small municipal airpor.docx
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TipTop Flight School offers flying lessons at a small municipal airport. The school Solution TipTop Flight School Flexible Budget Performance Report For the Month Ended July 31 Actual Result Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Lessons 240 240 230 Revenue 49,800 1,800 U 51600 2,150 F 49,450 Expenses: Instructor wages 15,030 90 F 15120 630 U 14,490 Aircraft depreciation 12,720 0 None 12720 530 U 12,190 Fuel 5,570 770 U 4800 200 U 4,600 Maintenance 4,050 60 U 3990 140 U 3,850 Ground facility expenses 2,480 110 F 2590 40 U 2,550 Administration 4,325 105 F 4430 10 U 4,420 Total expense 44,175 525 U 43650 1,550 U 42,100 Net operating income 5,625 2,325 U 7950 600 F 7,350 .
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TipTop Flight School offers flying lessons at a small municipal airpor.docx
- TipTop Flight School offers flying lessons at a small municipal airport. The school Solution TipTop Flight School Flexible Budget Performance Report For the Month Ended July 31 Actual Result Revenue and Spending Variances Flexible Budget Activity Variances Planning Budget Lessons 240 240 230 Revenue 49,800 1,800 U 51600 2,150 F 49,450 Expenses: Instructor wages 15,030 90 F 15120 630 U 14,490 Aircraft depreciation 12,720 0 None 12720 530 U 12,190 Fuel 5,570 770 U 4800 200 U 4,600 Maintenance 4,050 60 U 3990 140 U 3,850 Ground facility expenses 2,480 110 F 2590 40 U 2,550 Administration 4,325 105 F 4430 10 U 4,420 Total expense 44,175 525 U 43650 1,550 U 42,100 Net operating income 5,625 2,325 U 7950 600 F 7,350