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Vulcan Flyovers offers scenic overfights 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 overfights or hire an entire plone for an overflight at a discount. Required: 1. Prepare a fiexible budget performance report for July that includes revenue and spending variances and activity variances. (indicote 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.) Airqual Test Corporation provides on-site air quality testing services. The company has provided the following cost formulas and actual results for the month of February: The company uses the number of jobs as its measure of activity. For example, moblle lab operating expenses should be $4,500 plus $32 per job, and the actual moble Lab operating expenses for February were $8,180. The company expected to woek 120 jobs in February, but actually wocked 126 jobs. Required: Prepare a flexiblo budget performance report showing AlrQual Test Corporation's revenue and spending variances and activity variances for February. (Indicate the effect of each variance by selecting "F" for favorable, " U" for unfavorable, and "None" for ne effect (i.e., xero variance), Input ati amounts as positive values.)

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