TipTop Flight School offers flying lessons at a small municipal airport. The school
Solution
Cul(1) Cul(2) Cul(3) Col(1)-Col(2) Col(2)-Col(3) Col(1)-Col(3) Planning Flexible Actual Quantity Spending Planning Budget Budget Result Variance Variance Variance Lessons 180 185 185 5 Revenue 36900 37925 37820 1025 F 105 U 920 F Expenses: Instructor Wagess @ 63 11340 11655 11520 315 U 135 F 180 U Aircraft Depreciation @ 35 6300 6475 6475 175 U None 175 U Fuel @ 19 3420 3515 3880 95 U 365 U 460 U Maintenance @ 670 + 14q 3190 3260 3330 70 U 70 U 140 U Ground Facility Expenses @1650+4q 2370 2390 2310 20 U 80 F 60 F Administration @ 4190+1q 4370 4375 4270 5 U 105 F 100 F Total Expenses 30990 31670 31785 680 U 115 U 795 U Net Operating Income 5910 6255 6035 345 F 220 U 125 F
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TipTop Flight School offers flying lessons at a small municipal airpor (1).docx
1. TipTop Flight School offers flying lessons at a small municipal airport. The school
TipTop Flight School offers flying lessons at a small municipal airport. The school
Solution
Cul(1) Cul(2) Cul(3) Col(1)-Col(2) Col(2)-Col(3) Col(1)-Col(3) Planning Flexible Actual
Quantity Spending Planning Budget Budget Result Variance Variance Variance Lessons 180 185
185 5 Revenue 36900 37925 37820 1025 F 105 U 920 F Expenses: Instructor Wagess @ 63
11340 11655 11520 315 U 135 F 180 U Aircraft Depreciation @ 35 6300 6475 6475 175 U
None 175 U Fuel @ 19 3420 3515 3880 95 U 365 U 460 U Maintenance @ 670 + 14q 3190
3260 3330 70 U 70 U 140 U Ground Facility Expenses @1650+4q 2370 2390 2310 20 U 80 F
60 F Administration @ 4190+1q 4370 4375 4270 5 U 105 F 100 F Total Expenses 30990 31670
31785 680 U 115 U 795 U Net Operating Income 5910 6255 6035 345 F 220 U 125 F
