Tiplop 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 compates the planning budget to actual results. A recent var iance repoit 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 bightly controlled in July, but the report shows an untavorable varance. The planning budget was developed using the following formulas, where g is the number of lessons sold: Required: 2 Complete the flexible budget performance report for the school for July. (Indicate the effect of each variance by selecting "F" for fovoroble, " U " for unfavorable, and "None" for no effect (i.e., zero variance), Input all omounts as positive values.) After severat 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: Required: 2 Complete the flexuble budget performance report for the school for July. (Indicate the effect of eoch variance by selecting "F" for fovoroble, "U" for unfovorable, and "None" for no effect (i.e., zero varionce), Input all amounts as positive values.)