Glide Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been empting to evaluate performance and control wing van report that compare the planning budget to actual results. A recent variance report appears below Glide Flight School Variance Report For the Month Ended 31 July Actual Results Planning Budget Variances 210 200 $45,000 $2,025 $47025 F U U Loison Revenue Expenses Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration Total expense Net operating income 370 380 725 200 U U 13,370 7.950 3,725 3.130 1.645 3,350 33.200 $13 825 13.000 7.600 3.000 2,030 1650 3,440 31.8.20 $13.380 5 F F 90 1.580 $445 U F but the report shows an una er even months of using these reports, the owner has become true. The comer condunt that wonder wages were very to controlled in phw w utwurstie The maring hude was developed in the following formen, where in the number of lessons sok Cost Formula Ravenue 52250 Instructor wigs $650 Airera depreciation 5310 Fuel 5159 Maintenance $5305124 Ground facility expenses $1,250 - $20 Administration 33.240 +$10 Required: Determine the amount of the revenue and each of the spending variances for luy indicate whether the variance is favourable or unfavourable