please answer the following question, thank you!

Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Vulcan Flyover's Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget Flights (9) 57 57 55 Revenue ($350.009) $ 16,400 $ 19,950 $ 19,25e Expenses: Wages and salaries ($3,500 + $87.889) 8,425 8,459 8,285 Fuel ($31.000) 1,935 1,767 1,705 Airport fees $860 + $33.009) 2,611 2,741 2,675 Aircraft depreciation (59.00) 513 513 495 office expenses ($218 + $1.089) 267 Total expense 13,919 13, 747 13,425 Net operating income $ 2,481 $ 6,203 $ 5,825 + 435 265 The company measures its activity in terms of flights. Customers can buy individual tickets for overlights or hire an entire plane for an overflight at a discount. 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.) 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 (i.e., zere variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Revenue and Spending Flexible Variances Budget 57 $ 19,950 Actual Results Activity Variances Planning Budget 55 57 $ 16,400 $ 19,250 Flights Revenue Expenses Wages and salaries Fuel Airport foon 34 F 8,459 8.425 1,935 2,611 513 8,285 1.705 2,675 1,767 2,741 513 267 495 265 435 Aircraft depreciation Office expenses Total expense Net operating income 13,919 2481 13.747 6.203 13:425 5,825 $ $ $