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Vulcan Flyovers offers scenic overfights of Mount St. Helens, the voicano 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 St. Helens, the voicano 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 varlances and activity vartances. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfovorable, and "None" for no effect (l.e., zero variance). Input all amounts as posltive values.)

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