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Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that

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Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's opetations in July appear below The company measures its octivity in terms of flights. Customers can buy indlvidual tickets for overflights or hire an entire plane for an overflight at a discount. The company measures its nctivity in ternis of flights. Customers can buy indlvidual ticicets for overtilghts or hire an entire plane for an cverfight at a dicount. Requlred: 1. Prepare a fiexble 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.i, rero varlance). Inpout atl nmotints as positive values

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