Wulcen fyowers offers scenic overfights af Moumt Saint Helens, the volcano in Washington State that explosively orupted in ta\&2. Oata conceening the compony's dperations in July appear below: The compary messures its activity in terms of fights Customers can buy indwidual tickets for orerfights or hire an entre plane for an ovenight at adscount. 1. Prepare a flexible budget performance repont for Jay that includes revenue and spending variances and activity variances. finoicate Aeguired: the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "Wone" for ao effect fie., rero variance). Input ail amounts as positive valuei, The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entir overflight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity varian the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero vari all amounts as positive values.)