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)		60		60		58
Revenue ($355.00q)	$	16,500	$	21,300	$	20,590
Expenses:
Wages and salaries ($3,500 + $90.00q)		8,860		8,900		8,720
Fuel ($33.00q)		2,144		1,980		1,914
Airport fees ($850 + $33.00q)		2,680		2,830		2,764
Aircraft depreciation ($9.00q)		540		540		522
Office expenses ($220 + $1.00q)		448		280		278
Total expense		14,672		14,530		14,198
Net operating income	$	1,828	$	6,770	$	6,392

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.

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 60 Actual Results Planning Budget Flights Revenue $ 16,500 $ 21,300 $ 20,590 Expenses Wages and salaries 8.720 Fuel 1.914 8.900 1.980 2.830 540 2.764 8,860 2,144 2,680 540 448 14,672 1,828 Airport fees Aircraft depreciation Office expenses Total expense Net operating income 2801 14,530 6,770 14.198 6,392 $ $