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)	56	56	54
Revenue ($350.00q)	$ 16,400	$ 19,600	$ 18,900
Expenses:
Wages and salaries ($3,500 + $89.00q)	8,446	8,484	8,306
Fuel ($31.00q)	1,904	1,736	1,674
Airport fees ($870 + $31.00q)	2,501	2,606	2,544
Aircraft depreciation ($11.00q)	616	616	594
Office expenses ($220 + $1.00q)	444	276	274
Total expenses	13,911	13,718	13,392
Net operating income	$ 2,489	$ 5,882	$ 5,508

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.