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 $($$$355\mathrm{.}00$q$)$ $ $16,200$ $ $19,525$ $ $18,815$

Expenses:

Wages and salaries $($$$3,600+$ $$89\mathrm{.}00$q$)8,4578,4958,317$

Fuel $($$$31\mathrm{.}00$q$)1,8731,7051,643$

Airport fees $($$$840+$ $$33\mathrm{.}00$q$)2,5302,6552,589$

Aircraft depreciation $($$$10\mathrm{.}00$q$)550550530$

Office expenses $($$$210+$ $$1\mathrm{.}00$q$)433265263$

Total expenses $13,84313,67013,342$

Net operating income $ $2,357$ $ $5,855$ $ $5,473$

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.