Wings Flight School offers flying lessons at a small municipal airport. The schools owner and manager has been attempting to evaluate performance and control costs using a variance report that compares the planning budget to actual results. A recent variance report appears below:

Wings Flight School Variance Report For the Month Ended August 31
	Planning Budget		Actual Results		Variances
Lessons		250		260
Revenue	$	55,000	$	57,300	$	2,300	F
Expenses:
Instructor wages		14,750		15,260		510	U
Aircraft depreciation		13,250		13,780		530	U
Fuel		5,250		6,200		950	U
Maintenance		3,890		4,090		200	U
Ground facility expenses		2,890		2,800		90	F
Administration		4,450		4,380		70	F
Total expense		44,480		46,510		2,030	U
Net operating income	$	10,520	$	10,790	$	270	F

After several months of using such variance reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in August, but the report shows an unfavorable variance.

The planning budget was developed using the following formulas, where q is the number of lessons sold:

Revenue	$220q
Instructor wages	$59q
Aircraft depreciation	$53q
Fuel	$21q
Maintenance	$ 640 + $13q
Ground facility expenses	$1,640 + $5q
Administration	$4,200 + $1q

Required:
2.	Complete the flexible budget performance report for the school for August. (Input all amounts as positive values. Leave no cells blank - be certain to enter "0" wherever required. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Omit the "$" sign in your response.)

Wings Flight School Flexible Budget Performance Report For the Month Ended August 31
	Activity Variances		Revenue and Spending Variances
Revenue	$	(Click to select)FUNone	$	(Click to select)FUNone
Expenses:
Instructor wages		(Click to select)FUNone		(Click to select)UFNone
Aircraft depreciation		(Click to select)FUNone		(Click to select)FUNone
Fuel		(Click to select)UFNone		(Click to select)FUNone
Maintenance		(Click to select)FUNone		(Click to select)FUNone
Ground facility expenses		(Click to select)FUNone		(Click to select)UFNone
Administration		(Click to select)FUNone		(Click to select)UFNone
Total expense		(Click to select)FUNone		(Click to select)FUNone
Net operating income	$	(Click to select)FUNone	$	(Click to select)UFNone