Vulcan Flyovers offers scenic overlights of Mount S. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear bel Flexible Planning Budget Budget 68 58 520,010519.20 Operating Data For the Month Ended July 31 Actual Results Flights ( 58 Revenue 5345.000 $16.100 Expenses Wages and salaries (53.500 - 582 009) 8.568 Fuel (501009 1986 Airport fees (5870-533.000 2.809 Accra depreciation (S1.009 464 Office expenses (5200 - $1.000) 426 Total expense 14,092 Not operating income 5 2,007 8,604 8420 1.78 1.738 2.784 2710 464 20 250 13.900 13300 56,902 5 5734 The company measures its activity in terms of flights Customers can buy individual tickets for overights 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 Vulcan Flyovere Flexible Budget Performance Report For the Month Ended July 31 Revenue and Spending Vartano Activity Vartanoos Revenue Expenses Wages and salaries Fuel Airport fees Aircraft depreciation Of experts Total de Net Operating income