Help Save & Exits Astro Airlines provides flyovers of Minute Maid Stadium and downtown for tourists. Data concerning the company's operations in July appear below: Astro Airlines Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget 55 55 53 Flights (9) $ 16,300 $ 18,700 $ 18,820 Revenue ($340.009) Expenses: Wages and salaries ($3,100 + $91.089) Fuel ($30.00) Airport fees ($820 + $32.089) Aircraft depreciation ($9.009) Office expenses ($230 + $1.089) Total expense Net operating income 8,063 1,820 2,489 495 453 13,311 $ 2,989 8,105 1.650 2,580 495 7,923 1.590 2,516 477 285 13, 115 12,789 $ 5,585 $ 5,231 Tourists can purchase tickets individually or hire an entire plane at a discount. Astro Airlines measures its activity in terms of flights 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 (le, zero variance). Input all amounts as positive values.) + Astro Airlines Flexible Budget Performance Report For the Month Ended July 31 Actual Results Budget Flights Help Save & Exit Submit Tourists can purchase tickets individually or hire an entire plane at a discount. Astro Airlines measures its activity in terms of flights 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 (ie, zero variance). Input all amounts as positive values.) Astro Airlines Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget 55 Planning Actual Results 55 Budget Flights Revenue $ 16,300 18.700 18.020 Expenses: Wages and salaries 650 T Fuel 8.0631 1,820 2,480 | 495 Airport fees Aircraft depreciation Office expenses Total expense Net operating income 580 495 2858 13,115 585 | 13,311 2. 12,789 .231 5 5 $