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)	$	16,300	$	21,045	$	20,355
Expenses:
Wages and salaries ($3,800 + $91.00q)		9,309		9,351		9,169
Fuel ($32.00q)		2,118		1,952		1,888
Airport fees ($830 + $32.00q)		2,647		2,782		2,718
Aircraft depreciation ($9.00q)		549		549		531
Office expenses ($240 + $1.00q)		469		301		299
Total expense		15,092		14,935		14,605
Net operating income	$	1,208	$	6,110	$	5,750

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.