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)		59		59		57
Revenue ($345.00q)	$	16,400	$	20,355	$	19,665
Expenses:
Wages and salaries ($3,600 + $89.00q)		8,813		8,851		8,673
Fuel ($33.00q)		2,111		1,947		1,881
Airport fees ($870 + $33.00q)		2,687		2,817		2,751
Aircraft depreciation ($10.00q)		590		590		570
Office expenses ($240 + $1.00q)		467		299		297
Total expense		14,668		14,504		14,172
Net operating income	$	1,732	$	5,851	$	5,493

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.)

HERE IS WHAT I HAVE SO FAR...

Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results 59 Planning Budget Flights 59 57 Revenue $ 16,400 $ 3,955 U $ 20,355 $ 690 F $ 19,665 Expenses: Wages and salaries Fuel 8,813 2,111/ 2,687 590 38 F 164 U 8,673 1,881 8,851 1,947 2,817 590 1781U 66 U 2,751 Airport fees Aircraft depreciation Office expenses 467 299 570 297 14,172 5,493 Total expense Net operating income 14,668|| 1,732 14,5041 5,851