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.

Note: Inclicate the effect of each variance by selecting $"$F$"$ for favorable, $"$U$"$ for