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:

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 Flights (q) Revenue ($340.00q) Actual Flexible Planning Results Budget Budget 52 $16,100 $18,360 $17,680 54 54 Expenses: Wages and salaries ($3,300+$87.00q) Fuel ($33.00q) Airport fees ($870 $32.00q) Aircraft depreciation ($8.00q) Office expenses ($220 $1.00g 1,946 2,493 432 442 7,9647,9987,824 1,782 2,598 432 274 1,716 2,534 416 272 Total expense 13,27713,084 12,762 Net operating income $ 2,823 S 5,276 $ 4,918 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