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:

Vulcan Flyovers

Operating Data

For the Month Ended July $31$

Actual Results Flexible Budget Planning Budget

Flights $($q$)595957$

Revenue $($$$360\mathrm{.}00$q$)$ $ $16,100$ $ $21,240$ $ $20,520$

Expenses:

Wages and salaries $($$$3,000+$ $$86\mathrm{.}00$q$)8,0428,0747,902$

Fuel $($$$33\mathrm{.}00$q$)2,1111,9471,881$

Airport fees $($$$840+$ $$32\mathrm{.}00$q$)2,6132,7282,664$

Aircraft depreciation $($$$8\mathrm{.}00$q$)472472456$

Office expenses $($$$250+$ $$1\mathrm{.}00$q$)477309307$

Total expense $13,71513,53013,210$

Net operating income $ $2,385$ $ $7,710$ $ $7,310$

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.