Mt. Hood Air offers scenic overflights of Mt. Hood and the Columbia River gorge. Data concerning the companys operations in August appear below:

Mt. Hood Air Operating Data For the Month Ended August 31
	Planning Budget		Flexible Budget		Actual Results
Flights (q)		53		55		55
Revenue ($355.00q)	$	18,815	$	19,525	$	16,200
Expenses:
Wages and salaries ($3,700 + $92.00q)		8,576		8,760		8,716
Fuel ($31.00q)		1,643		1,705		1,873
Airport fees ($860 + $34.00q)		2,662		2,730		2,730
Aircraft depreciation ($9.00q)		477		495		495
Office expenses ($240 + $1.00q)		293		295		463
Total expense		13,651		13,985		14,277
Net operating income	$	5,164	$	5,540	$	1,923

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.	Complete the flexible budget performance report abstract for August. (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.)

Safari File Edit View History Bookmarks Window Help Required: 1. Complete the flexible budget performance report abstract for August. (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.) Mt. Hood Air Flexible Budget Performance Report For the Month Ended August 31 Activity Variances Revenue and Spending Variances Revenue Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expense Net operating income