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Please answer this question ASAP! Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data

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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 56 Flexible Planning Budget Budget 56 54 Flights (a) $ 16,100 $ 19,040 $ 18,360 Revenue ($340.000) Expenses: Wages and salaries ($3,600 + $90.009) Fuel ($34.00g) Airport fees ($880 + $34.009) Aircraft depreciation ($10.000) Office expenses ($230 + $1.000) Total expense Net operating income 8,600 8,640 8,460 2,066 1,904 1,836 2,684 2,784 2,716 560 560 540 454 286 284 14,364 14,174 13,836 $ 1,736 $ 4,866 $ 4,524 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. Prepare a flexible budget performance report for July that Includes revenue and spending variances and activity variances. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Activity Variances Budget Actual Results Planning Budget 54 Flights 56 56 Revenue $ 16,100 U $ 19,040 $ 18,360 8,460 Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation 8,600 2,066 F F 8,640 1,904 1,836 F 2.784 2,716 2,684 560 F 560 540 Office expenses 454 F 286 284

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