The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount.

Required:

Prepare a flexible budget performance report for July.

Note: 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.

$\backslash$table$[[$Vulcan Flyovers$],[$Flexible Budget Performance Report$],[$For the Month Ended July $31],[,$Acti,Results,,,,,$\backslash$table$[[$xible$],[$Iget$]],,\backslash$table$[[$Planning$],[$Budget$]]],[$Flights$,,54,,,-,,54,,,52],[$Revenue$,$$$,16,300,$$$,2,870,$U$,$$$,19,170,,$$$,18,460],[$Expenses:$,,,,,,,,53,,],[$Wages and salaries,,$8,412,,32,,$F$,,8,444,,,8,272],[$Fuel$,,1,790,,170,\frac{?}{\text{b}\text{a}\text{r}}(U),,1,620,,,1,560],[$Airport fees,,$2,541,,145,$F$,,2,686,,,2,618],[$Aircraft depreciation,,$594,,0,$None,,$594,,,572],[$Office expenses,,$442,,168,\frac{?}{\text{b}\text{a}\text{r}}(U),,274,,,272],[$Total expenses,,$13,779,,161,\frac{?}{\text{b}\text{a}\text{r}}(U),,13,618,,,13,294],[$Net operating income,$$,2,521,$$$,3\mathrm{.}031,$U$,$$$,5,552,,5,5,166]]$