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

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Vulcan Flyovers offers scenic overfights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982 Data conceming the company's operations in July appear below. The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or fire an entire plane for an overflight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each varionce by selecting "F" for favorable, "U" for unfavorable, ond "None" for no effect (i.e., zero varionce). Input all omounts as positive values.)

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