Vulcan Flyovers offers schitic overflights of Mount St. Helens. the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operatione in duy now below Vutcan Flyovers Operating at For the Month Ended July 1 Actual Results Flexible Hudget sa planning Hudget 511 5 26. 5 21,300 5 20.500 Flights el Ievu 5355.000 Expenses Wages and salaries 153,000 - $5.01 Fuel R$33.0 Airsort fees (1870-532.100) Aircraft depreciation (59) office expenses 15220 51.0) Total expense Net operating income 3. 2.144 2,615 SG 65 13.02 2,493 1,900 2,730 540 7.930 1.914 2.668 522 260 10 7,288 $ 5 7,600 The company measures its activity in terms of flights Customers can buy individual tickets for overights or hire an eine plane for an overligt 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 "" for favorable U for unfavorable, and "None" for no effectfie, 2010 variance). Input all amounts as positive values.) The company measures its activity in terms of fights Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount Required: 1. Prepare a exible 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 unfavorables and "None" for no effect for variance). Input all amounts as positive values.) When you The Budget Performance Report For the Money Feuer 00 00 4 Rovare 16.30 21.300 $ 30.500 Winds OPO 3.100 7,000 2.14 1.100 1,014 Aiportes 2.615 2.730 2.663 Aron prebon S40 622 Oce 430 270 260 13.07 13,620 13.302 er operating come 5 2433 7266 7.500