roblem 9-20 (Static) Critique a Report; Prepare a Performance Report [LO9-1, LO9-2, LO9-3, LO9-4] Tiplop Fight School offers flying lessons at a small municipal airport. The school's owner and manager has been attempting to evaluate pertormance and control costs using a variance report that compares the planning budget to actual results. A recent variance eport appears below: hitter several months of using these reports, the owner has become frustrated For example sheis quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable vaniance. The planning budget was developed using the following formulas, where q is the number of lessons sold: Required: 2. Cornplete the flexible budget performance report for the school for July (indicate the effect of each voriance by selecting "F" for (avoreble, "U" for unfevorable, nnd "None" for no effect (i.e., zero variance). Input all amounts as positive values.) vages were very tightly controlled in July, but the report shows an unfavorable variance. The planning budget was developed using the following formulas, where q is the number of lessons sold: Required: 2 Complete the flexible budget performance report for the school for July. (Indicate the effect of eoch variance by selecting " F " f favorable. "U" for unfavorable, and "None" for no effect (i.e., zero variance). (npur all amounts os positive values.)