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 $($q$)585856$

Revenue $($$$360\mathrm{.}00$q$)$ $ $16,300$ $ $20,880$ $ $20,160$

Expenses:

Wages and salaries $($$$3,000+$ $$87\mathrm{.}00$q$)8,0128,0467,872$

Fuel $($$$33\mathrm{.}00$q$)2,0781,9141,848$

Airport fees $($$$890+$ $$31\mathrm{.}00$q$)2,5432,6882,626$

Aircraft depreciation $($$$9\mathrm{.}00$q$)522522504$

Office expenses $($$$220+$ $$1\mathrm{.}00$q$)446278276$

Total expenses $13,60113,44813,126$

Net operating income $ $2,699$ $ $7,432$ $ $7,034$

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.