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) 57 57 55 Revenue ($345.00q) $ 16,200 $ 19,665 $ 18,975 Expenses: Wages and salaries ($3,700 + $85.00q) 8,515 8,545 8,375 Fuel ($33.00q) 2,045 1,881 1,815 Airport fees ($880 + $33.00q) 2,621 2,761 2,695 Aircraft depreciation ($9.00q) 513 513 495 Office expenses ($230 + $1.00q) 455 287 285 Total expense 14,149 13,987 13,665 Net operating income $ 2,051 $ 5,678 $ 5,310

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 positive values.)

Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Revenue and Spending Variances Activity Variances Revenue Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expense Net operating income