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Please help with below. Thank you! Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982.

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Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concening the company's operations in July appear below Vulcan Flyovers Operating Data For the Month Ended July 31 Flexible Planning Budget Budget 60 Actual Results Flights (q) 60 58 $ 16,400 $21,300 $ 20,590 Revenue ($355.00q) Expenses: Wages and salaries ($3,100 + $86.00q) Fuel ($33.00q) Airport fees ($850 + $32.00q) Aircraft depreciation ($10.00q) Office expenses ($220 $1.00q) Total expense 8,228 2,144 2,640 600 8,260 1,980 8,088 1,914 2,706 580 2,770 600 448 280 278 14,060 13,890 13,566 $ 2,340 7,410 7,024 Net operating income 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 variance 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 Planning Budget Flexible Actual Results Budget Flights 60 60 58 Revenue 16,400 $ 21,300 20,590 Expenses Wages and salaries 8,228 8260 8,088 Fuel 2,144 1,980 1,914 Airport fees Alrcraft depreciation 2,640 2,770 2,706 600 600 580 Office expenses 448 280 278 Total expense 14,060 13,890 13,566 2,340 Net operating income 7,410 7,024

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