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)		56		56		54
Revenue ($360.00q)	$	16,000	$	20,160	$	19,440
Expenses:
Wages and salaries ($3,100 + $90.00q)		8,100		8,140		7,960
Fuel ($33.00q)		2,012		1,848		1,782
Airport fees ($810 + $31.00q)		2,431		2,546		2,484
Aircraft depreciation ($10.00q)		560		560		540
Office expenses ($210 + $1.00q)		434		266		264
Total expense		13,537		13,360		13,030
Net operating income	$	2,463	$	6,800	$	6,410

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 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 L Net operating income