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Vulcan Flyovers offers scenic overfights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982 . Data concerning the company's operations

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Vulcan Flyovers offers scenic overfights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982 . Data concerning the company's operations in July oppear below. The company measures its activity in terms of flights. Customers can buy individual tickets for overlights or hire an entire plane for an overfight at a discount Required: 1. Prepare a flexible budget periormance report for July that includes revenue and spending variances and activity variances. Note: 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 omounts as positive values

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