Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Flights (q) Revenue ($355.00q) Vulcan Flyovers Operating Data For the Month Ended July 31 Expenses: Wages and salaries ($3,200 + $90.00q) Fuel ($34.00q) Airport fees ($800+ $33.00q) Aircraft depreciation ($10.00q) Office expenses ($200 + $1.00g) Total expense Net operating income Actual Results 55 $ 16,300 8,110 2,032 2,475 550 423 13,590 $ 2,710 Flexible Budget 55 $ 19,525 8,150 1,870 2,615 550 255 13,440 $ 6,085 Planning Budget 53 $ 18,815 7,970 1,802 2,549 530 253 13,104 $ 5,711 The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount.

Vulcan Flyovers offers scenic overtights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982 Dato 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 for an overflight at a discount. \begin{tabular}{|c|c|c|c|c|c|c|c|} \hline \multicolumn{8}{|c|}{ Vulcan Flyovers } \\ \hline \multicolumn{8}{|c|}{ Flexible Budget Performance Report } \\ \hline \multicolumn{8}{|c|}{ For the Month Ended July 31} \\ \hline & Act & Resuits & \begin{tabular}{l} Revenue and Spending \\ Variances \end{tabular} & \begin{tabular}{l} Flexible \\ Budget \end{tabular} & Activity Variances & \multicolumn{2}{|c|}{\begin{tabular}{l} Planning \\ Budget \end{tabular}} \\ \hline Flights & & 55 & & 55 & & & 53 \\ \hline Revenue & s & 16,300p & & $19,525 & & s & 18,815 \\ \hline \multicolumn{8}{|l|}{ Expenses: } \\ \hline Wages and salaries & & 8,110 & & 8,150 & & & 7,970 \\ \hline Fuel & & 2,032 & & 1,870 & & & 1,802 \\ \hline Airport fees & & 2,4752 & & 2,615 & & & 2,549 \\ \hline Aircraft depreciation & & 550 & & 550 & & & 530 \\ \hline Office expenses & & 423 & & 255 & & & 253 \\ \hline Total expense & & 13,590 & & 13,440 & & & 13,104 \\ \hline Net operating income & $ & 2,710} & & 6,085 & & $ & 5,711 \\ \hline \end{tabular} The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. 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