Data table The performance (in thousands of dollars) of Killington Airlines for the most recent year is shown in the following table: (Click the ioon to view the performance data.) The static budget had been based on a budget of $0.25 revenue per passenger mile. A passenger mile is one paying passenger tlown one mile. An average airfare decrease of 8% had helped generate an increase in passenger miles fiown that was 10% in excess of the static budget for the year. The price per galion of jet fuel rose above the price used to formulate the static budget. The average jet fuel price increase for the year was 10% Requirements 1. Prepare a summary report to help the president understand performance for the most recent year. 2. Assume that jet fuel costs are purely variable, and the quantity of fuel used was at the same level of efficiency as predicted in the static budget. What part of the flexible-budget vaniance for wariable expenses is attributable to jet fuel expenses? Explain. Requirement 1. Prepare a summary report to help the president understand performance for the most recent year. (Enter all amounts as positive numbers, and enter amounts in thousands. Round all answers to the nearest whole number. For variances with a zero balance, make sure to enter "O" in the appropriate field. If the variance is zero, do not select a label.) Requirement 2. Assume that jet fuel costs are purely variable, and the quantity of fuel used was at the same level of efficiency as predicted in the static budget. What part of the flexible-budget wariance for variable expenses is attributable to jet fuel expenses? (Enter all amounts as positive numbers, and enter amounts in thousands.) Begin by completing the flexible budget relating to the jet fuel. What part of the flexible-budget variance for vaniable expenses is attributable to jet fuel expenses? Explain. (Enter amounts as positive numbers. Round your answers to the nearest whole dollar or percentage.) \& of the $ flexible budget variance is due to the increase in fuel costs. Stated as a percent, \% of flexible budget variance is due to the increase in fuel costs