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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

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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: Affer several months of using these reports, the owner has become frustrated. For example, she is quite confident that instructor woges were very tightly controlled in July, but the report shows an unfovorable variance. The planning budget was developed using the following formulas, where q is the number of lessons sold. 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, "U" for unfovorable, and "None" for no effect (Le., rero varlance). Input all amounts as positive values

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