Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the companys operations in July appear below:

Vulcan Flyovers
Operating Data
For the Month Ended July 31
	Actual Results	Flexible Budget	Planning Budget
Flights (q)	54	54	52
Revenue ($340.00q)	$ 16,200	$ 18,360	$ 17,680
Expenses:
Wages and salaries ($3,100 + $90.00q)	7,920	7,960	7,780
Fuel ($31.00q)	1,842	1,674	1,612
Airport fees ($820 + $31.00q)	2,384	2,494	2,432
Aircraft depreciation ($10.00q)	540	540	520
Office expenses ($210 + $1.00q)	432	264	262
Total expenses	13,118	12,932	12,606
Net operating income	$ 3,082	$ 5,428	$ 5,074

The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount.

Required:

1. Prepare a flexible budget performance report for July.

Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.