Please help answer required questions 1-3

10-1, LO 10-4, LO 10-6 PROBLEM 10-21 critique a Report; Prepare a Performance Report LO 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 that compares the planning budget to actual results. A recent variance report appears below: costs using a variance report TipTop Flight School Variance Report For the Month Ended July 31 Actual Planning Results Budget Variances Lessons 155 150 I Revenue.... $33,900 $33000 $900 F Expenses: Aircraft depreciation. Fuel. Maintenance . Ground facility expenses. 9,870 9,750 5,890 5,700 2.750 2.250 2,450 2,330 1540 1,550 3,320 3,390 25,820 24,970 120 U 190 U 500 U 120 U 10 F 70 F 850 U Total expense .. Net operating income . $ 8,080 $8,030 50 F