Toblem 9-20 (Algo) Critique a Report; Prepare a Performance Report [LO9-1, L09-2, L09-3, L09-4] fiptop Flight School offers flying lessons at a small municipal aipport. The schoor's owner and manager has been attempting to zaluate performance and control costs using a variance report that compares the planning budget to octual results. A recent variance report appears below: Wher several months of using these reports, the owner thas pecome fristraced For exsmpleshe is quite confident that iastructor 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. (Indicate the effect of each variance by selecting "F" for Favorable, "U" for unfovorable, and "None" for no effect (i.e, zero variance). Input all emounts as positive values.) TipTop Flight School Flexible Budget Performance Report For the Month Ended July 31