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:

Vulcan Flyovers
Operating Data
For the Month Ended July 31
	Actual Results		Flexible Budget		Planning Budget
Flights (q)		54		54		52
Revenue ($350.00q)	$	16,300	$	18,900	$	18,200
Expenses:
Wages and salaries ($3,100 + $91.00q)		7,972		8,014		7,832
Fuel ($31.00q)		1,842		1,674		1,612
Airport fees ($850 + $33.00q)		2,492		2,632		2,566
Aircraft depreciation ($9.00q)		486		486		468
Office expenses ($200 + $1.00q)		422		254		252
Total expense		13,214		13,060		12,730
Net operating income	$	3,086	$	5,840	$	5,470

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.)

The Gourmand Cooking School runs short cooking courses at its small campus. Management has identified two cost drivers it uses in its budgeting and performance reportsthe number of courses and the total number of students. For example, the school might run two courses in a month and have a total of 62 students enrolled in those two courses. Data concerning the companys cost formulas appear below:

	Fixed Cost per Month		Cost per Course		Cost per Student
Instructor wages			$	2,970
Classroom supplies					$	270
Utilities	$	1,240	$	60
Campus rent	$	4,900
Insurance	$	2,300
Administrative expenses	$	3,500	$	43	$	6

For example, administrative expenses should be $3,500 per month plus $43 per course plus $6 per student. The companys sales should average $860 per student.

The company planned to run four courses with a total of 62 students; however, it actually ran four courses with a total of only 58 students. The actual operating results for September appear below:

	Actual
Revenue	$	50,420
Instructor wages	$	11,160
Classroom supplies	$	16,590
Utilities	$	1,890
Campus rent	$	4,900
Insurance	$	2,440
Administrative expenses	$	3,470

Required:

Prepare a flexible budget performance report that shows both revenue and spending variances and activity variances for September. (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.)