Astro Airlines provides flyovers of Minute Mald Stadium and downtown for tourists. Data concerning the company's operations in July appear below: Astro Airlines Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget 5858 56 Flights (9) $ 16,200 $ 19,720 $ 19,040 Revenue ($340.000) Expenses Wages and salaries ($3,600 + $88.00) Fuel ($33.00) Airport fees ($880 + $33.009) Aircraft depreciation ($11.00) Office expenses ($250 + $1.00) Total expense Net operating income 8,668 2,078 2,679 638 476 539 8,704 1.914 2,794 638 303 14,358 5.362 8,528 1.848 2,728 616 306 14,02 5.014 61 $ $ 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