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 Flights (9) Revenue ($350.00q) Expenses: Wages and salaries ($3,200 + $90.009) Fuel ($31.00q) Airport fees ($870 + $31.009) Aircraft depreciation ($11.009) office expenses ($210 + $1.009) Total expenses Net operating income Actual Results Flexible Budget Planning Budget 62 79 60 $ 16,400 $ 21,700 $ 21,000 8,740 8,780 8,600 2,090 1,922 1,860 2,652 2,792 2,730 682 682 660 440 272 270 14,604 14,448 14,120 $ 1,796 $ 7,252 $ 6,880 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.