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 $($$$355\mathrm{.}00$q$)$ $ $16,300$ $ $20,590$ $ $19,880$

Expenses:

Wages and salaries $($$$3,400+$ $$85\mathrm{.}00$q$)8,3008,3308,160$

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

Airport fees $($$$830+$ $$35\mathrm{.}00$q$)2,7402,8602,790$

Aircraft depreciation $($$$10\mathrm{.}00$q$)580580560$

Office expenses $($$$220+$ $$1\mathrm{.}00$q$)446278276$

Total expense $14,08813,90413,578$

Net operating income $ $2,212$ $ $6,686$ $ $6,302$

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.