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$)585856$

Revenue $($$$350\mathrm{.}00$q$)$ $ $16,200$ $ $20,300$ $ $19,600$

Expenses:

Wages and salaries $($$$3,400+$ $$90\mathrm{.}00$q$)8,5808,6208,440$

Fuel $($$$32\mathrm{.}00$q$)2,0221,8561,792$

Airport fees $($$$860+$ $$33\mathrm{.}00$q$)2,6742,7742,708$

Aircraft depreciation $($$$11\mathrm{.}00$q$)638638616$

Office expenses $($$$210+$ $$1\mathrm{.}00$q$)436268266$

Total expense $14,35014,15613,822$

Net operating income $ $1,850$ $ $6,144$ $ $5,778$

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.