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 Flexible Planning Results Budget Budget Flights (q ) 53 m 51 Revenue ($355. 909) $ 16, 100 $ 18, 815 $ 18, 105 Expenses : Wages and salaries ($3, 200 + $92.00g) 8, 032 8, 076 7,892 Fuel ($31.00g) 1, 811 1, 643 1, 581 Airport fees ($840 + $32.009) 2, 416 2, 536 2,472 Aircraft depreciation ($8.00g) 424 424 408 Office expenses ($200 + $1.909) 421 253 251 Total expenses 13 , 104 12 , 932 12, 604 Net operating income $ 2, 996 $ 5, 883 $ 5,501 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