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Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below: The company measures its activity in terms

Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below:
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:
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.
\table[[Vulcan Flyovers],[Flexible Budget Performance Report],[For the Month Ended July 31],[,Actual Results,\table[[Revenue and Spending],[Variances]],\table[[Flexible],[Budget]],Activity Variances,\table[[Planning],[Budget]]],[Flights,52,,52,,50],[Revenue,16,400,,18,200,,17,500],[Expenses:,*,,,,],[Wages and salaries,8,290,,8,328,,8,150]]
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