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 Planning Budget 54 $ 18,00 Vulcan Flyover Operating Data For the Month Ended July 31 Actuat Flexible Results Budget night 56 56 Revenue ($350.0001 $16.300 $ 19.00 Experenni Wages and salaries ($3,500+ $87.000) 8.33 9,372 Fuel ($21.009) 1,736 Airport tens 8880 - $32.009) 2,562 2,672 Alreraft depreciation ($1.009) ortice expenses (5240 - $1.000) 464 296 Total expose 13,214 13,524 Het operating incon 52,504 15,076 1.904 Hurt 443 1.674 2.600 432 294 1,206 5.5.694 Print 10 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 mentes 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 f.e, zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report