Vulcan Flyovers offers scenic overfilights of Mount Saint Helens, the volcano in Washington State that expiostively erupted in 1982 . Date concerning the company's operations in July appear below: The company measures its activity in terms of flights. Customers can buy individual tickets for overfights or hire 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 variance by selecting "F" for favorable, " U " for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.)