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Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982 . Data conceming the company's operations

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Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982 . Data conceming the company's operations in July appear below. The company measures its activity in terms of fights. Customers can buy individual tickets for overflights or hire an entife plane for an overfight at a discount. Required: 1. Prepare a flexible budiget performance report for July that includes revenue and spending variances and activity variances, (Indicote the effect of each voriance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input oll amounts as positive values.)

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