Please explain how to calculate for each section.

Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below Flexible Budget 61 21,045 Planning Budget 59 20,355 Flyovers Operating Data the Month Ended July 31 Actual Flights () 61 Revenue ($345.00g ) 16,200 Expenses: and salaries (3,200$ 91.00g)8,709 Fuel ($32.00g ) 2,118 Airport fees ($850 $32.00g) 2,662 Aircraft depreciation ($9.00g) 549 Office expenses ( $230 $1.00g) 459 Total expense 14,497 Net operating income 1,703 8,751 1,952 2,802 549 8,569 1,888 2,738 531 289 14,015 291 14,345 6,700 6,340 The company measures its activity in terms of flights . Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount Required: Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances . ( 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, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below: The company measures its activity in terms of flights. Customers can buy individual tickets for overlights or hire an entire plane for an overfight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (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.)