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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

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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 appear below: The company measures its activity in terms of fights. Customers can buy individual tickets for overflights or hire an entire plane for an overfight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activily variances. (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 os positive values.)

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