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)	$	16,100	$	19,665	$	18,975
Expenses:
Wages and salaries ($3,200 + $85.00q)		8,015		8,045		7,875
Fuel ($30.00q)		1,880		1,710		1,650
Airport fees ($810 + $34.00q)		2,613		2,748		2,680
Aircraft depreciation ($9.00q)		513		513		495
Office expenses ($210 + $1.00q)		435		267		265
Total expense		13,456		13,283		12,965
Net operating income	$	2,644	$	6,382	$	6,010

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.)

Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Planning Budget Actual Results Flights 57 57 16,100 Revenue 19,665 18,975 Expenses 8,015 1,880 2,613 513 435 13,456 2,644 Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses 8,045 1,710 2,748 513 267 13,283 6,382 7,875 1,650 2,680 495 265 12,965 6,010 Total expense Net operating income