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)	60	60	58
Revenue ($345.00q)	$ 16,400	$ 20,700	$ 20,010
Expenses:
Wages and salaries ($3,500 + $87.00q)	8,686	8,720	8,546
Fuel ($34.00q)	2,202	2,040	1,972
Airport fees ($880 + $31.00q)	2,630	2,740	2,678
Aircraft depreciation ($9.00q)	540	540	522
Office expenses ($230 + $1.00q)	458	290	288
Total expenses	14,516	14,330	14,006
Net operating income	$ 1,884	$ 6,370	$ 6,004

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.