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Tiptop Flight School offers flying lessons at a small municipal airport. The school's owner and...

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Accounting

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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 costs using a variance report that compares the planning budget to actuat results. A recent variance report appears below: After sevetal months of using these reports, the owner has become frustrated. For example, she is quite confident that instructor wages were very tightly controlled in July, but the report shows an unfavorable variance. The planning budget was developed using the following formulas, where qis the number of lessons sdid: Required: 2 Complete the flexible budget performance report for the school for July. Note: Indicate the effect of eoch voriance by selecting "F" for favorable, " U " for unfovorable, and "None" for no effect (i.e., zero voriance). Input all amounts os positive values

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