Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the companys operations in July appear below:

Vulcan Flyovers
Operating Data
For the Month Ended July 31
	Actual Results	Flexible Budget	Planning Budget
Flights (q)	61	61	59
Revenue ($345.00q)	$ 16,200	$ 21,045	$ 20,355
Expenses:
Wages and salaries ($3,200 + $90.00q)	8,650	8,690	8,510
Fuel ($32.00q)	2,118	1,952	1,888
Airport fees ($820 + $33.00q)	2,683	2,833	2,767
Aircraft depreciation ($9.00q)	549	549	531
Office expenses ($230 + $1.00q)	459	291	289
Total expenses	14,459	14,315	13,985
Net operating income	$ 1,741	$ 6,730	$ 6,370

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.