ernal browser=0&BunchUrl-httpsx ] m Getting Started N Netflix @ Apple # ICloud f Facebook Twitter W Wikipedia @ Yahoo News Popular Chapter 9 Homework (required) i Saved Help Save & Exit Submit Check my work 3 Lessons 140 135 Revenue $ 33, 420 $ 32, 400 $ 1,020 F Expenses I Instructor wages 6, 875 6, 750 125 U Aircraft depreciation 5, 040 4, 860 180 U Fuel 16.68 3, 185 2, 565 620 U Maintenance 2,095 2, 770 125 U points Ground facility expenses 1,950 2, 020 70 F Administration 3,465 3,555 90 F Total expense 23, 410 22, 520 890 U Book Net operating income $ 10, 010 $ 9, 880 $ 130 F Print After several months of using these reports, the owner has become frustrated. For example, she Is quite confident that Instructor References wages were very tightly controlled In July, but the report shows an unfavorable variance. The planning budget was developed using the following formulas, where q is the number of lessons sold: Cost Formulas Revenue $240q Instructor wages $50g Aircraft depreciation $36g Fuel $19g Maintenance $610 + $16g Ground facility expenses $1, 750 + $2g Administration $3, 420 + $1q Required: 2. Complete the flexible budget performance report for the school for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero variance). Input all amounts as positive values.) Mc Graw Hill