This is one question. Please answer my question. I'm aware of the chegg policy. This is ONE question. Please do not answer my question partially. I paid for this service and deserve to receive what I paid for. Thank you.

TipTop Flight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below: After several months of using such variance reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable variance. The planning budget was developed using the following formulas, where q is the number of lessons sold: TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Variance Results Budget S Lessons 145 140 $ 35,000 $ 1,030 F Cost Formulas Revenue $250g Instructor wages $552 Aircraft depreciation $379 Fuel $209 Maintenance $620 + $179 Ground facility expenses $1,800 + $39 Administration $3,440 + $29 7, 700 135 U 5,180 185 U 2,800 3,000 630 U 135 U Revenue $ 36,030 Expenses: Instructor 7,835 wages Aircraft 5, 365 depreciation Fuel 3,430 Maintenance 3,135 Ground facility 2,145 expenses Administrati 3,625 on Total expense 25,535 Net operating 10,49 S income 5 2,220 75 F Required: 2. Complete the flexible budget performance report for the school for July. (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.) 95 F 915 U 3,720 24,620 10,38 0 Z $ 115 F $ Tip Top Flight School Flexible Budget Performance Report For the Month Ended July 31 Actual Results 145 Flexible Budget Planning Budget 140 Lessons Revenue $ 36,030 $ 35,000 Expenses S 7,835 Instructor wages Aircraft depreciation Fuel Maintenance 5,365 3,430 3,135 2.145 3,625 7.700 5.180 2,800 3,000 2.220 3,720 24,620 10,380 Ground facility expenses Administration Total expense Net operating income 25,535 $ 10,495 $