Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the companys operations in July appear below:

Vulcan Flyovers
Operating Data
For the Month Ended July 31
	Actual Results	Flexible Budget	Planning Budget
Flights (q)	60	60	58
Revenue ($345.00q)	$ 16,100	$ 20,700	$ 20,010
Expenses:
Wages and salaries ($3,100 + $87.00q)	8,286	8,320	8,146
Fuel ($31.00q)	2,028	1,860	1,798
Airport fees ($890 + $33.00q)	2,750	2,870	2,804
Aircraft depreciation ($11.00q)	660	660	638
Office expenses ($220 + $1.00q)	448	280	278
Total expense	14,172	13,990	13,664
Net operating income	$ 1,928	$ 6,710	$ 6,346

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.

1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity varianc 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