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:

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 $($i$.$e$.,$ zero variance$).$ Input all amounts as positive values.$)$

Answer is complete but not entirely correct.

$\backslash$table$[[$Vulcan Flyovers$],[$Flexible Budget Performance Report$],[$For the Month Ended July $31],[,\backslash$table$[[$Actual$],[$Results$]],\backslash$table$[[$Revenue and$],[$Spending Variances$]],\backslash$table$[[\backslash$table$[[$Flexible$],[$Budget$]]],[58]],$Activity Variances,$\backslash$table$[[$Planning$],[$Budget$]]],[$Flights$,,58,,,,,,,,,56],[$Revenue$,$$$,16,500,$$$,0ox,$U$,,20,590,$$$,0,$F$,,19,880],[$Expenses:$],[$Wages and salaries,,$8,300,,0ox,$F$,(,8,330,,00,$u$,,8,160],[$Fuel$,,2,078,,0ox,$U$,0,1,914,,0,$U$,,1,848],[$Airport fees,,$2,722,,0ox,$F$,0,2,832,,00,$u$,,2,764],[$Aircraft depreciation,,$580,,00,$None,$0,580,,0,$u$,,560],[$Office expenses,,$446,,0ox,$U$,0,278,,0,$u$,,276],[$Total expense,,$14,126,,00,$u$,0,13,934,,00,$u$,0,13,608],[$Net operating income,$$,2,374,$$$,08,$u$,$$$,6,656,$$$,0,$F$,-5,6,272]]$