Check my work STAA 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 Flyover's Operating Data For the Month Ended July 31 Actual Flexible planning Results Budget Budget Flights (9) 56 54 Revenue (5355.00) $ 16,200 $ 19,850 $ 19,170 Expenses: Wages and salaries ($3,100 + $89.09) 8,066 8,684 7.900 Fuel (533.609) 2,012 1,848 1,782 Airport fees ($860 $34.009) 2,619 2,764 2,696 Aircraft depreciation ($9.609) SM 5844 496 office expenses ($240 + $1.069) 464 296 294 Total expense 13,665 13,495 13,161 $ 2,555 $ 6,36 $ 6.006 Net operating income 56 The company measures its activity in terms of fights. Customers can buy Individual tickets for overflights or hire an entire pione foran overflight at a discount Uvers en een of 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.) -48 Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget STAS Actual Results Flights 50 Planning Budget 54 56 $ 16,200 5 19.880 + 5 19. 170 8,046 Revenue Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses TY 2012 2.619 8.084 1,848 2.764 504 290 7.906 1,782 2,690 436 504 466