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 (a) Revenue ($350.000) 60 60 58 $ 16,100 $ 21,000 $ 20,300 Expenses: Wages and salaries ($3,400 $90.00g) Fuel ($34.000) 8,760 8,000 8,420 2,202 2,040 1,972 Airport fees (5820- $31.000) 2,570 2,600 2,610 Aircraft depreciation ($10.000) 600 600 580 270 Office expenses ($210+ $1.000) 268 438 14,570 14,390 14,058 Total expense $ 1,530 $ 6,610 Net operating income $ 6,242 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: Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero varience). Input asisive values i