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$)555553$

Revenue $($$$345\mathrm{.}00$q$)$ $ $16,300$ $ $18,975$ $ $18,285$

Expenses:

Wages and salaries $($$$3,200+$ $$91\mathrm{.}00$q$)8,1638,2058,023$

Fuel $($$$32\mathrm{.}00$q$)1,9261,7601,696$

Airport fees $($$$860+$ $$32\mathrm{.}00$q$)2,4802,6202,556$

Aircraft depreciation $($$$9\mathrm{.}00$q$)495495477$

Office expenses $($$$240+$ $$1\mathrm{.}00$q$)463295293$

Total expenses $13,52713,37513,045$

Net operating income $ $2,773$ $ $5,600$ $ $5,240$

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.