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. Note: Indicate the effect of each voriance by selecting "F" for fovorable, " U " for unfovoroble, and "None" for no effect (i.e., zero variance), Input all omounts as positive values. Required: 1. Prepare a flexible budget performance report for July that inciudes revenue and spending variances and activity variances. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (i.e., zer variance). Input all amounts as positive values. 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: The company measures its activity in terms of lights. Customers can buy individuat 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 Note: Indicote the effect of each voriance by selecting "F" for favorable, " U " for unfovoroble, and "None" for no effect (i.e., zero varlance), Input all omounts os positive volues