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Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Fyovers offers scenic overilights...

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Exercise 9-4 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Vulcan Fyovers offers scenic overilights of Mount Saint Helens, the volcano in Washington State that explosively eripted in 1982. Data conceming the company's operations 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 overflight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e, rero variance). Input all amounts as positive values.)

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