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Tiptop Fighr School offers flying lessons at a small municipal airport. The school's owner and manager has been artempting to evaluate performance and control costs

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Tiptop Fighr School offers flying lessons at a small municipal airport. The school's owner and manager has been artempting to evaluate performance and control costs using a variance repont that compares the planning budget to actual results. A recent vartance report appears below: After several months of using these reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very ughtly controlied in July. but the report shows an unfovorable variance. The planning budget was developed using the following formulas, whete a is the number of lessons sold Requlred: 2. Complete the fexible budger performance repont for the school for July. variance). Input all omounts os positive values

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