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.$)$

$\backslash$table$[[$Vulcan Flyovers$],[$Flexible Budget Performance Report$],[$For the Month Ended July $31],[,$Actual Results,$\backslash$table$[[$Revenue and Spending$],[$Variances$]],\backslash$table$[[$Flexible$],[$Budget$]],$Activity Variances,$\backslash$table$[[$Planning$],[$Budget$]]],[$Flights$,,55,,,,,55,,,53],[$Revenue$,$$$,16,300,$$$,2,950,\frac{?}{\text{b}\text{a}\text{r}}(u),$$$,19,250,,$$$,18,550],[$Expenses:$],[$Wages and salaries,,$8,351,,34,F,,8,385,,,8,211],[$Fuel$,,1,926,,166,$U$,,1,760,,,1,696],[$Airport fees,,$2,425,,105,$F$,,2,530,,,2,470],[$Aircraft depreciation,,$440,,0,$None,,${440}^3,,,424],[$Office expenses,,$433,,168,$U$,,{265}^3,,,263],[$Total expense,,$13,575,,195,$U$,,13,380,,,13,064],[$Net operating income,$$,2,725,$$$,3,145,$u$,$$$,5,870,,$$$,5,486]]$