Help Save & Exit Submit Saved ent 8-4 Week 8 Problems Check my work TipTop Flight School offers flying lessons at a small municipal airport. The school's 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 TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget Variances 220 215 Lessons Revenue $56,890 $55,900 $ 990 F Expenses: Instructor wages Aircraft depreciation Fuel Maintenance Ground facility expenses Administration 16, 315 16,125 190 U 7,260 7,095 165 U 4,030 3,440 590 U 3,780 3,590 190 U 2,190 2,245 55F 3,675 3,790 115 F 37,250 36,285965 U $19, 640 $19, 615 $ 25 F Total expense Net operating income 6:24 PM