TipTop 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 compares the planning budget to actual results. A recent variance report appears below TipTop Ficht School Variance leport For the Month Ended July 31 Actual Planning But 185 Variances Lessons 20 Revenue Expense Instructor was Alrcraft depreciation Fuel Maintenance Ground Facility expenses Administration Total expense Net operating incon 5454505146,400 51.0 12.10 12,025 155 7.410 2.215 195 3,425 2,795 650 2.300 155 2,925 3,010 AS 4.29 5.4 1107 210 12200 w $ 12.20012.1105 2.00 After several months of using these reports the owner or 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 in the number of lessons gold: Coor 32404 Instructor 3399 Eve 3654 Aircraft depreciation Halatenance Ground facility expenses Administration 1150 564011 $1.0016 33,4350 se complete the texble budget performance report for the school for July (Indicate the effect of each variance by selecting " for favorable "U* for unfavorable, and "None" for no effect (le, zero ver lance). Input all amounts as positive values.) Tip Top Flight School Flexible Tudor Performance Report For the Month Ented July 31 Per