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)	48	48	50
Revenue (320q)	$ 13,650	$ 15,360	$ 16,000
Expenses
Wages and salaries (4,000 + 82q)	8,430	7,936	8,100
Fuel (23q)	1,260	1,104	1,150
Airport Feeds (650 + 38q)	2,350	2,474	2,550
Aircraft depreciation (7q)	336	336	350
Office expenses (190 + 2q)	460	286	290
Total expense	12,836	12,136	12,440
Net operating income	$ 814	$ 3,224	$ 3,560

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.

Prepare a flexible budget performance report for July.

Vulcan Flyovers
Flexible Budget Performance Report
For the Month Ended July 31
	Actual Results	Revenue and Spending Variances		Flexible Budget	Activity		Planning
					Variances		Budget
Flights (q)	48			48			50
Revenue ($320.00q)	$13,650			$15,360			$16,000
Expenses:
Wages and salaries ($4,000 + $82.00q)	8,430			7,936			8,100
Fuel ($23.00q)	1,260			1,104			1,150
Airport fees ($650 + $38.00q)	2,350			2,474			2,550
Aircraft depreciation ($7.00q)	336			336			350
Office expenses ($190 + $2.00q)	460			286			290
Total expense	12,836	700	U	12,136	304	F	12,440
Net operating income	$ 814	$2,410	U	$ 3,224	$336	U	$ 3,560