\fFantastic Sky Tours PTY Ltd Flexible Budget For the month of April Particulars Passenger Revenue Less Variable Expenses Fuel Aircraft Maintenance Flight Crew Salaries Selling and Administrative Total Variable Expenses Cost Per Flexible Flexible Budget Flexible Budget Air Km Budget for for 35000 for 38000 32000 $ 3.50 $ 112,000 $ 122,500 $ 133,000 $ 0.50 $ 0.75 $ 0.40 $ 0.80 $ 2.45 $ 16,000 $ 24,000 $ 12,800 $ 25,600 $ 78,400 $ 17,500 $ 26,250 $ 14,000 $ 28,000 $ 85,750 $ 19,000 $ 28,500 $ 15,200 $ 30,400 $ 93,100 Contribution Margin $ 1.05 $ 33,600 $ 36,750 $ 39,900 Less Fixed Cost Depreciation on Aircraft Landing Fees Supervisory Salaries Selling and Administrative Total Fixed Expenses $ 2,900 $ 900 $ 9,000 $ 11,000 $ 23,800 $ 2,900 $ 900 $ 9,000 $ 11,000 $ 23,800 $ 2,900 $ 900 $ 9,000 $ 11,000 $ 23,800 $ 2,900 $ 900 $ 9,000 $ 11,000 $ 23,800 $9800 $12950 $16100 Net Profit 1. The original performance report is misleading so prepare a revised performance report showing the proper variances for April, based on the flexible budget prepared above using proper format