Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Results 57 Flexible Planning Budget 55 $18,975 Budget 57 $19,665 Flights (q) Revenue ($345.00q) Expenses: Wages and salaries ($3,700 + $87.00q) Fuel ($30.00q) Airport fees ($820 $30.00q) Aircraft depreciation ($8.00q) Office expenses ($230$1.00q) Total expense $16,300 8,625 1,880 2,395 456 8,659 1,710 2.530 456 287 8,485 1,650 2,470 440 455 285 13,811 13,642 13,330 $ 6,023 $ 2,489 5,645 Net operating income 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. Complete the flexible budget performance report abstract for July. (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 pos itive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Revenue and Spending Variances Activity Varian ces Revenue Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expense Net operating income