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Vulcan Flyovers offers scenic overflights of Mount St . Helens, the volcano in Washington State that explosively erupted in 1 9 8 2 . Data

Vulcan Flyovers offers scenic overflights of Mount St. Helens,
the volcano in Washington State that explosively erupted in 1982.
Data concerning the companys 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: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.)

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