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:

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.

	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 Operating Data For the Month Ended July 31 Flights (q) Revenue ($350.00q) Actual Flexible Planning ResultsBudget Budget 50 $16,200 $18,200 $17,500 52 52 Expenses Wages and salaries ($3,100 $88.00q) Fuel ($34.00q) Airport fees ($830 $30.00q) Aircraft depreciatio ($9.00q) Office expenses ($240$1.00q) 1,930 2,260 468 460 7,6407,676 1,768 2,390 468 292 7,500 1,700 2,330 450 290 Total expense 2,758 2,594 12,270 Net operating income $ 3,442 $ 5,606 $ 5,230