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)	$	16,200	$	21,045	$	20,355
Expenses:
Wages and salaries ($3,100 + $89.00q)		8,491		8,529		8,351
Fuel ($31.00q)		2,059		1,891		1,829
Airport fees ($810 + $32.00q)		2,617		2,762		2,698
Aircraft depreciation ($10.00q)		610		610		590
Office expenses ($240 + $1.00q)		469		301		299
Total expense		14,246		14,093		13,767
Net operating income	$	1,954	$	6,952	$	6,588

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. (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 61 Actual Results Planning Budget 59 Flights 61 $ 16,200 | $ 21,045 | $ 20,355 Revenue Expenses Wages and salaries Fuel Airport fees Aircraft depreciation Office expenses Total expense Net operating income 8,491 2,059 2,617 6101 469 14,246 1,954 8,529 1,891 2,762 6101 301 14,093 6,952 6,952 8,351 1,829 2,698 590 299 13,767 6,588 $ $ $