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$)535351$

Revenue $($$$355\mathrm{.}00$q$)$ $ $16,200$ $ $18,815$ $ $18,105$

Expenses:

Wages and salaries $($$$3,600+$ $$87\mathrm{.}00$q$)8,1778,2118,037$

Fuel $($$$34\mathrm{.}00$q$)1,9641,8021,734$

Airport fees $($$$830+$ $$31\mathrm{.}00$q$)2,3432,4732,411$

Aircraft depreciation $($$$9\mathrm{.}00$q$)477477459$

Office expenses $($$$230+$ $$1\mathrm{.}00$q$)451283281$

Total expenses $13,41213,24612,922$

Net operating income $ $2,788$ $ $5,569$ $ $5,183$

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.