Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Flights (q) Revenue ($340.00g) Expenses: Wages and salaries ($3,200 + $90.00q) Fuel ($31.00q) Airport fees ($840 + $34.00q) Aircraft depreciation ($11.00q) Office expenses ($200 + $1.00q) Total expenses Net operating income Actual Results 59 $ 16,100 8,470 1,997 2,701 649 427 Flexible Planning Budget Budget 59 $ 20,060 8,510 1,829 2,846 649 259 57 $ 19,380 8,330 1,767 2,778 627 257 14,244 14,093 13,759 $ 1,856 $ 5,967 $ 5,621 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.

Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Results Flexible Budget Planning Budget Flights (g) Revenue ($340.00q). Expenses: Wages and salaries ($3,200 + $90.00q) Fuel ($31.009) Airport fees ($840 + $34.00q) Aircraft depreciation ($11.00q) Office expenses ($200 + $1.004) Total expenses Net operating income 59 59 57 $ 16,100 $ 20,060 $ 19,380 8,470 8,510 8,330 1,997 1,829 1,767 2,701 2,846 2,778 649 649 627 427 14,244 259 257 14,093 13,759 $ 1,856 $ 5,967 $ 5,621 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.