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

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The company measures its activity in terms of flights. Customers can buy individual tickets for overfights or hire an entire plane for an overfight 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 variance by selecting "F" for favorable, " U " for unfovorable, and "None" for no effect (l.e, zero variance), Input all amounts as positive values

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