Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted n 1982. Data concerning the company's operations in July appear below: Flights (q) Revenue ($350.004) Expenses: Vulcan Flyovers Operating Data For the Month Ended July 31 Wages and salaries ($3,200 +$90.00q) Fuel ($32.00q) Airport fees ($870 + $31.00q) Aircraft depreciation ($11.00q) Office expenses ($230 + $1.00q) Total expense Net operating income Actual Flexible Planning Results 61 Budget Budget 61 59 $16,400 $21,350 $20,650 8,650 8,690 8,510 2,118 1,952 1,888. 2,621 2,761 2,699 671 671 649 459 291 289 14,519 14,365 14,035 $ 1,881 $6,985 $ 6,615 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: 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.)