need help answering these thank you!

TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: Variances 225 Planning Budget 220 $ 59,400 $ 1,000 F TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Lessons Revenue $ 60,400 Expenses Instructor wages 17,800 Aircraft depreciation 7,650 Puel 4,340 Maintenance 3,650 Ground facility expenses 2.470 Administration 3,960 Total expense 39,870 Net operating income $ 20,530 17,600 7,480 3,740 3,450 2.530 4.040 38840 $ 20,560 200 U 170 U 600 U 200 U 60 F 80 1.030 U $ 30 After several months of using these reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable variance. The planning budget was developed using the following formulas, where a is the number of lessons sold: Cost Formulas Revenue $2709 Instructor wages $809 Aircraft depreciation $349 Fuel $179 Maintenance $590 $139 Ground facility expenses $1,650 + $40 Administration $3,380 + $39 Required: 2. Complete the flexible budget performance report for the school for July (Indicate the effect of each variance by selecting "F" for Revenue Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration Cost Formulas $ 2709 $809 $349 $179 $590 + $139 $1,650 + $49 $3,380 + $39 Required: 2. Complete the flexible budget performance report for the school for July. (Indicate the effect of each variance by selecting favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) TipTop Flight School Flexible Budget Performance Report For the Month Ended July 31 Actual Flexible Results Budget 225 Lessons Planning Budget 220 $ 59,400 Revenue $ 60,400 Expenses Instructor wages 17,800 17,600 Aircraft depreciation 7,650 7.480 Fuel 4,340 3,650 2.470 Maintenance Ground facility expenses Administration Total expense Net operating income 3,740 3,450 2,530 4,040 38,840 $ 20,560 3,960 39,870 $ 20,530 Prey 4 of 7 18! Next >