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:

$\backslash$table$[[\backslash$table$[[$Vulcan Flyovers$],[$Operating Data$],[$For the Month Ended July$]],\backslash$table$[[31],[$Actual$],[$Results$]],\backslash$table$[[$Flexible$],[$Budget$]],\backslash$table$[[$Planning$],[$Budget$]]],[$Flights $($q$),54,54,52],[$Revenue $($$$355\mathrm{.}00$q$),$$$16,300,$$$19,170,$$$18,466],[$Expenses:$],[$Wages and salaries $($$$3,600+$$$91\mathrm{.}00$q$),8,472,8,514,8,332,],[$Fuel $($$$33\mathrm{.}00$q$),1,946,1,782,1,716],[$Airport fees $($$$820+$$$33\mathrm{.}00$q$),2,477,2,602,2,536],[$Aircraft depreciation $($ $$8\mathrm{.}00$q $),432,432,416],[$Office expenses $($$$230+$$$1\mathrm{.}009),452,284,282,],[$Total expense,$13,779,13,614,13,282],[$Net operating income,$$2,521,$$$5,556,$$$5,178]]$

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. $($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.$)$