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)	$	16,100	$	21,300	$	20,590
Expenses:
Wages and salaries ($3,600 + $90.00q)		8,960		9,000		8,820
Fuel ($31.00q)		2,028		1,860		1,798
Airport fees ($870 + $34.00q)		2,810		2,910		2,842
Aircraft depreciation ($10.00q)		600		600		580
Office expenses ($210 + $1.00q)		438		270		268
Total expense		14,836		14,640		14,308
Net operating income	$	1,264	$	6,660	$	6,282

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.