The company measures its activity in terms of flights. Customers can buy individual tickets for...

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Accounting

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The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overlight at a discount. Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and adivity variances. (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 omounts as positive values.)

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