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$)535351$

Revenue $($$$350\mathrm{.}00$q$)$ $ $16,300$ $ $18,550$ $ $17,850$

Expenses:

Wages and salaries $($$$3,500+$ $$87\mathrm{.}00$q$)8,0778,1117,937$

Fuel $($$$32\mathrm{.}00$q$)1,8621,6961,632$

Airport fees $($$$870+$ $$31\mathrm{.}00$q$)2,4032,5132,451$

Aircraft depreciation $($$$9\mathrm{.}00$q$)477477459$

Office expenses $($$$230+$ $$1\mathrm{.}00$q$)451283281$

Total expense $13,27013,08012,760$

Net operating income $ $3,030$ $ $5,470$ $ $5,090$

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.