Flamming Follage Sky Tours

Performance report for the month ended 30 September

master budget Actiity volume v flexible budget

Air Km 35,000 32,000
$ $ $

Revenue 122,500 10.500 U 112,000

less : variable expense
Fuel 17,500 1.500 F 16,000
Aircraft maintenance 26,250 2.250 F 24,000
Flight crew salaries 14,000 1.200 F 12,800
selling and administration 28,000 2.400 F 25,600
Total variable expense 85,750 7350 F 78,400
Contribution Margin 36,750 3.150 U 33,600

less : Fixed expenses

Depreciation on aircraft 2,900 - 2,900
landing fees 900 - 900
supervisory salaries 9,000 - 9,000
selling and administration 11,000 - 11,000
total fixed expense 23,800 - 23,800

Net profit 12,950 3.150 U 9,800

y Tours
ended 30 September

flexible budget variance actual results

- 32,000
$ $

- 112,000

1.000 U 17,000
500 F 23,500
300 U 13,100
700 F 24,900
100 U 78,500
100 U 33,500

- 2,900
100 U 1,000
400 F 8,600
1.400 U 12,400
1100 U 24,900

1200 U 8,600
 Flamming Follage sky Tours
Fleksible Budget for the month ended 30 September
ACTIVITY LEVEL (AIR KM)
32,000
Per unit $
Revenue $ 3,5 112,000
less : Variable cost
Fuel $ 0,5 16,000
Aircraft maintenance $ 0,75 24,000
Flight crew salaries $ 0,4 12,800
selling and administration $ 0,8 25,600
Total variable expense ($2,45) 78,400
Contribution Margin $1,05 33,600

less : Fixed expenses

Depreciation on aircraft 2,900
landing fees 900
supervisory salaries 9,000
selling and administration 11,000
total fixed expense 23,800

Net profit 9,800

eptember

35,000 38,000
$ $
122,500 133,000

17,500 19,000
26,250 28,500
14,000 15,200
28,000 30,400
85,750 93,100
36,750 39,900

2,900 2,900
900 900
9,000 9,000
11,000 11,000
23,800 23,800

12,950 16,100