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)		61		61		59
Revenue ($345.00q)	$	16,100	$	21,045	$	20,355
Expenses:
Wages and salaries ($3,700 + $92.00q)		9,268		9,312		9,128
Fuel ($30.00q)		2,000		1,830		1,770
Airport fees ($870 + $33.00q)		2,778		2,883		2,817
Aircraft depreciation ($11.00q)		671		671		649
Office expenses ($240 + $1.00q)		469		301		299
Total expense		15,186		14,997		14,663
Net operating income	$	914	$	6,048	$	5,692

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.)

Please help with the red Xs!

Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Revenue and Flexible Spending Variances Budget 61 Actual Results 61 Activity Variances > Planning Budget Flights 59 Revenue $ 16,100 IS 4,945 U 21,045 $ 710 XF $ 20,355 Expenses: 9,268 44 F 9,312 184 U Wages and salaries Fuel 9,128 1,770 2,000 170 U 1,830 60 U 2,778 105 F 2,883 66 U 2,817 Airport fees Aircraft depreciation OOOOOO 671 None OOOOOOO 671 22 U 649 469 168 U 301 2U 299 Office expenses Total expense 15,186 189 Ccci U 334 U 14,997 6,048 14,663 5,692 Net operating income 914 $ 5,134 U S $ 376 F $