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

Vulcan Flyovers

Operating Data

For the Month Ended July $31$

Actual Results Flexible Budget Planning Budget

Flights $($q$)585856$

Revenue $($$$350\mathrm{.}00$q$)$ $ $16,200$ $ $20,300$ $ $19,600$

Expenses:

Wages and salaries $($$$3,500+$ $$91\mathrm{.}00$q$)8,7368,7788,596$

Fuel $($$$33\mathrm{.}00$q$)2,0781,9141,848$

Airport fees $($$$810+$ $$33\mathrm{.}00$q$)2,5892,7242,658$

Aircraft depreciation $($$$9\mathrm{.}00$q$)522522504$

Office expenses $($$$210+$ $$1\mathrm{.}00$q$)436268266$

Total expenses $14,36114,20613,872$

Net operating income $ $1,839$ $ $6,094$ $ $5,728$

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:

$1.$ Prepare a flexible budget performance report for July.