Astro Airlines provides flyovers of Minute Maid Stadium and downtown for tourists. Data concerning the company's operations in July appear below: Astro Airlines For the Month Ended July 31 Operating Data Actual Plexible Planning Results Flights (9) Budget Budget 53 53 51 Revenue ($345.009) $ 16,200 $ 18,285 $ 17,595 Expenses 1 Wages and salaries ($3,300 + $87.000) 7,877 7,911 7,737 Fuel ($34.000) 1,964 1,802 1,734 Airport fees ($800 + $33.000) 2.414 2.549 2,483 Aircraft depreciation ($9.009) 477 477 459 Office expenses ($250 + $1.009) 471 303 301 Total expense 13,203 13,042 12,714 $ 2,997 $ 5,243 $ 4,881 Net operating income Tourists can purchase tickets individually or hire an entire plane at a discount. Astro Airlines measures its activity in terms of flights 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 (ie, zero variance). Input all amounts as positive values.) At All ILS OS PUSILIVE Values.) Astro Airlines Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget 53 Actual Results Planning Budget 51 Flights 53 Revenue $ 16,200 $ 18 285 $ 17,595 Expenses: Wages and salaries Fuel 7.737 7,877 1,964 2,414 477 7,911 1,802 2,549 477 1,734 2.483 459 301 Airport fees Aircraft depreciation Office expenses Total expense Net operating income 471 13,203 2,997 303 13,042 5,243 12,714 4,881 $ $ $