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$)545452$

Revenue $($$$360\mathrm{.}00$q$)$ $ $16,000$ $ $19,440$ $ $18,720$

Expenses:

Wages and salaries $($$$3,600+$ $$86\mathrm{.}00$q$)8,2128,2448,072$

Fuel $($$$32\mathrm{.}00$q$)1,8941,7281,664$

Airport fees $($$$880+$ $$35\mathrm{.}00$q$)2,6452,7702,700$

Aircraft depreciation $($$$9\mathrm{.}00$q$)486486468$

Office expenses $($$$210+$ $$1\mathrm{.}00$q$)432264262$

Total expenses $13,66913,49213,166$

Net operating income $ $2,331$ $ $5,948$ $ $5,554$

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.