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 ($355.00q)	$ 16,200	$ 21,300	$ 20,590
Expenses:
Wages and salaries ($3,700 + $91.00q)	9,118	9,160	8,978
Fuel ($32.00q)	2,086	1,920	1,856
Airport fees ($870 + $32.00q)	2,680	2,790	2,726
Aircraft depreciation ($11.00q)	660	660	638
Office expenses ($240 + $1.00q)	468	300	298
Total expense	15,012	14,830	14,496
Net operating income	$ 1,188	$ 6,470	$ 6,094

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. (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.)

Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results Planning Budget 58 60 60 $ 16,200 $ 21,300 $ 20,590 Flights Revenue Expenses Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expense Net operating income 9,118 2,086 2,680 660 9,160 1,920 2,790 8,978 1,856 2,726 638 660 468 300 298 15,012 1,188 14,830 6.470 14,496 6,094 $ $