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)	56	56	54
Revenue ($355.00q)	$ 16,100	$ 19,880	$ 19,170
Expenses:
Wages and salaries ($3,000 + $85.00q)	7,730	7,760	7,590
Fuel ($32.00q)	1,958	1,792	1,728
Airport fees ($820 + $31.00q)	2,436	2,556	2,494
Aircraft depreciation ($9.00q)	504	504	486
Office expenses ($240 + $1.00q)	464	296	294
Total expense	13,092	12,908	12,592
Net operating income	$ 3,008	$ 6,972	$ 6,578

1. 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.)