erflights of Mount St. Helens, the volcano in Washingto g the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget 53 Flights (9) 53 51 $ 16,400 $ 18,815 $ 18,185 Revenue ($355.009) Expenses: Wages and salaries ($3,200 + $88.009) Fuel ($32.009) Airport fees ($850 + $31.009) Aircraft depreciation ($9.009) Office expenses ($250 + $1.009) Total expense Vet operating income 7,828 7,864 7,688 1,862 1,696 1,632 2,348 2,493 2,431 477 477 459 471 303 381 12,986 12,833 12,511 3,414 $ 5,982 $ 5,594 RESET F ... 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: Exercise 94 Prepare a Flexible Budget Performance Report (1094 vene wy Cancel Done 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. 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 (i.e., zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31