Vulcan Flyovers offers scenkoverfights of Mount St Helens the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below. We lovers Operating Data Actual lexible Planning trots dat o evenue 12.000 $11,650 $ 15,169 $ 16,000 3,40 3,100 1,20 1,104 1,150 >100 2,474 2,550 (23 A (5) Airtelutie (5.00) ofes (59) 290 17,00 12,130 12140 5 145.224 53.560 The company measures its activity in terms of mights 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 (ie, zero varionce). Input all amounts os positive values.) 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 (ie, zero variance). Input all amounts as positive values.) Vulcan Flyover Flexible Budget Performance Report For the Month Ended July 31 Revenue and Spending Flexible Variances Budget 48 Actual Results Activity Variances ghts Planning Budget 50 5 13.650s 1.7100 $ 15.300 $ 16,000 Rovence Expenses Wagos and tries Fuel 4900 1560 8.100 1.150 Auportes Arcra depreciation Otice expenses Total Net operating come 8.630 1.200 2350 330 460 12036 814 124 of None 1740 7000 7,836 1104 2474 330 286 12.136 3224 2,550 350 200 12.440 3,560 5 $