In a business, a cost function describes the total cost associated with a given level of production. A revenue function describes the amount of money received at a given level of production. These two functions form a system of equations. The solution of this system is called the break-even point. It is the level of production for which revenue equals cost. Business is profitable only if revenue is greater than the cost. suppose the system of equations containing the revenue and the cost of functions is an inconsistent system. What does this mean in the context of businesses? a. The business will sell a lot of products
b. The business will sell products for a very high price.
c. The business will never profit
d. The business will make lots of products

Vulcan flyovers offers scenic overflights of mount st. helens, the volcano in washington state that explosively erupted in 1982. data concerning the company’s operations in july appear below: vulcan flyovers operating data for the month ended july 31 actual results flexible budget planning budget flights (q) 56 56 54 revenue ($350.00q) $ 16,500 $ 19,600 $ 18,900 expenses: wages and salaries ($3,300 + $91.00q) 8,354 8,396 8,214 fuel ($31.00q) 1,904 1,736 1,674 airport fees ($870 + $35.00q) 2,730 2,830 2,760 aircraft depreciation ($11.00q) 616 616 594 office expenses ($240 + $1.00q) 464 296 294 total expense 14,068 13,874 13,536 net operating income $ 2,432 $ 5,726 $ 5,364 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.