Exercise 10-4 Prepare a Flexible Budget Performance Report [LO10-4] Vulcan Flyovers offers scenic overflights of Mount St Helens, the volcano in Washington Stale that explosively erupted in 1982. Data concerning the company's operations in July appear below Vulcan Fyovers Operating Data For the Month Ended July 31 Actual Flexibe Planning Results BudgetBudget 54 516,300 $19,880 $19,170 Flights (g) Revenue ($355.00q) 56 56 wages and salaries($3.300 + $91.00 Fuel ($30.00g) Airport fees($82o-$30.00q) Aircraft depreciation (58.00q) Office expenses (5240 $100q) 8,354 8,36 8,214 1,620 2,440 432 234 13,000 5 2,794 6,560 6,170 1,690 2,390 2,500 448 206 13,320 1,850 448 484 13,506 Total expense Net operaing income Required Complete Indicate the effect of each variance by sel favorable, "U for vorable, and "None" for no effe Flexible Budget Pertormance Report For the Month Ended July 31 Revenue and Wages and salaries Fual Airport foes Aircraft depreciation Office expenses Total oxpenac Net operating income