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Tiplop filght School offers flying lessons at a small municipol aipport. The schoors owner and manoger attempted to evaluate perfemance and control costs using a

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Tiplop filght School offers flying lessons at a small municipol aipport. The schoors owner and manoger attempted to evaluate perfemance and control costs using a variance report comparing the planning budget to schual results. A recent varhance report appears below: After several months of using these reports, the owner has become frustrated. For example, she is confident instructor wages were very tightly controlled in July, but the report shows an unfavorable varisoce. She developed the planning budget using the following formulas, where q is the number of lessons sold: Required: 2. Complete the flexble budget performance report for the school for July Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (b.e, zero variance). Input all amounts as positive values

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