Tiptop Fight 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 these 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 varlance. The planning budget was developed using the following formulas, where q is the number of lessons sold: Tip Top Flight School Flexible Budget Performance Report After several months of using these reports, the owner has become frustr wages were very tightly controlled in July, but the report shows an unfavc The planning budget was developed using the following formulas, where Required: 2.Complete the flexible budget performance report for the school for July Note: Indicate the effect of each variance by selecting "F" for favorable report appears below: After several months of using these reports, the owner has become frustrated. For example, wages were verv tiahtly controlled in July, but the report shows an unfavorable variance