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) 54 54 52 Revenue ($345.00q) $ 16,400 $ 18,630 $ 17,940 Expenses: Wages and salaries ($3,100 + $90.00q) 7,920 7,960 7,780 Fuel ($33.00q) 1,946 1,782 1,716 Airport fees ($850 + $35.00q) 2,630 2,740 2,670 Aircraft depreciation ($8.00q) 432 432 416 Office expenses ($200 + $1.00q) 422 254 252 Total expense 13,350 13,168 12,834 Net operating income $ 3,050 $ 5,462 $ 5,106 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. 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 offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget Flights (9) 54 54 52 Revenue ($345.000) 17,940 $ 16,400$ 18,630$ 7,920 7,960 7,780 1,946 1,782 Expenses: Wages and salaries ($3,100 + $90.00) Fuel ($33.009) Airport fees ($850 + $35.00q) Aircraft depreciation ($8.00) Office expenses ($200 + $1.000) 1,716 2,670 2,630 2,740 432 422 432 254 416 252 13,350 13,168 12,834 Total expense 5.462$ 5,106 Net operating income $3,050 $ 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. 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 (.e., zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Revenue and Spending Variances Activity Variances Revenue Expenses: Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expense Net operating income