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Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that...

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Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982 . Data concerning the compstin's operatons in July appear below: The company measures its activity in terms of fights. Customers can buy individual tickets for overfights or hire an entire plane for an overtight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. Note: 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

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