Exercise $9-4($Algo$)$ Prepare a Flexible Budget Performance Report $[$LO$9-4]$

Vulcan Flyovers offers scenic overflights of Mount Saint Helens. Data concerning the company's operations in July appear below:

$\backslash$table$[[$Vulcan Flyovers$],[$Operating Data$],[$For the Month Ended July $31],[,\backslash$table$[[$Actual$],[$Results$]],\backslash$table$[[$Flexible$],[$Budget$]],\backslash$table$[[$Planning$],[$Budget$]]],[$Flights $($q$),56,56,54],[$Revenue $($$$340\mathrm{.}00$q$),$$ $16,400,$$ $19,040,$$ $18,360],[$Expenses:$],[$Wages and salaries $($$$3,500+$ $$88\mathrm{.}00$q$),8,392,8,428,8,252],[$Fuel $($$$32\mathrm{.}00$q$),1,958,1,792,1,728],[$Airport fees $($$$870+$ $$34\mathrm{.}00$q$),2,634,2,774,2,706],[$Aircraft depreciation $($ $$10\mathrm{.}00q),560,560,540],[$Office expenses $($ $$200+$$$1\mathrm{.}00q),424,256,254],[$Total expenses,$13,968,13,810,13,480],[$Net operating income,$ $2,432,$$ $5,230,$$ $4,880]]$

The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane at a discount.

Required:

Prepare a flexible budget performance report for July.

Note: 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.