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: 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.) Exercise 9-5 (Static) Prepare a Flexible Budget with More Than One Cost Driver [LO9-5] Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier. Management has identified two cost drivers-the number of cruises and the number of passengers- that it uses in its budgeting and performance reports. The company publishes a schedule of day cruises that it may supplement with special sailings if there is sufficient demand. Up to 80 passengers can be accommodated on the tour boat. Data concerning the company's cost formulas appear below: For example, vessel operating costs should be $5,200 per month plus $480 per cruise plus $2 per passenger. The company's sales should average $25 per passenger. In July, the company provided 24 cruises for a total of 1,400 passengers. Required: Prepare the company's flexible budget for July. Problem 9-17 (Static) Flexible Budget Performance Reports; Working Backwards [LO 9-1, 9-2, 9-3, 9-4] Ray Company provided the following excerpts from its Production Department's flexible budget performance report. Required: Complete the Production Department's Flexible Budget Performance Report. (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. Round "rate per hour" answers to 2 decimal places.) Exercise 9-3 (Static) Revenue and Spending Variances [LO9-3] Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: The actual results for August were as follows: Required: Calculate the company's revenue and spending variances for August. (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.).

1. 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: 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.)
Exercise 9-5 (Static) Prepare a Flexible Budget with More Than One Cost Driver [LO9-5]
Alyeski Tours operates day tours of coastal glaciers in Alaska on its tour boat the Blue Glacier.
Management has identified two cost drivers-the number of cruises and the number of passengers-
that it uses in its budgeting and performance reports. The company publishes a schedule of day
cruises that it may supplement with special sailings if there is sufficient demand. Up to 80
passengers can be accommodated on the tour boat. Data concerning the company's cost formulas
appear below: For example, vessel operating costs should be $5,200 per month plus $480 per
cruise plus $2 per passenger. The company's sales should average $25 per passenger. In July, the
company provided 24 cruises for a total of 1,400 passengers. Required: Prepare the company's
flexible budget for July.
Problem 9-17 (Static) Flexible Budget Performance Reports; Working Backwards [LO 9-1, 9-2,
9-3, 9-4] Ray Company provided the following excerpts from its Production Department's
flexible budget performance report. Required: Complete the Production Department's Flexible
Budget Performance Report. (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. Round "rate per hour" answers to 2 decimal places.)
Exercise 9-3 (Static) Revenue and Spending Variances [LO9-3] Quilcene Oysteria farms and
sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters
in August. The company's flexible budget for August appears below: The actual results for
August were as follows: Required: Calculate the company's revenue and spending variances for
August. (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.)