Help with exercise please . It is not a tutors work. If a tutor has helped someone else with a similar exercise . Please refer me to it . IT IS NOT A TUTORS WORK. IT IS FROM MY HOMEWORK BOOK THAT I PAID FOR. SHOW ME WHERE THE TUTOR HAS HELPED SO THAT I CAN REFER TO IT

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:

Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Results Flexible Budget Planning Budget

Flights (q) 59 59 57

Revenue ($345.00q) $ 16,400 $ 20,355 $ 19,665

Expenses:

Wages and salaries ($3,200 + $90.00q) 8,470 8,510 8,330

Fuel ($33.00q) 2,111 1,947 1,881

Airport fees ($820 + $31.00q) 2,514 2,649 2,587

Aircraft depreciation ($9.00q) 531 531 513

Office expenses ($200 + $1.00q) 427 259 257

Total expense 14,053 13,896 13,568

Net operating income $ 2,347 $ 6,459 $ 6,097

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. 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.)