TipTop Flight School offers flying lessons at a small municipal airport. The schools 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: TipTop Flight School Variance Report For the Month Ended July 31 Actual Results Planning Budget Variances Lessons 200 195 Revenue $ 49,810 $ 48,750 $ 1,060 F Expenses: Instructor wages 13,815 13,650 165 U Aircra