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

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Accounting

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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 plane for an overfilght 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), tnput all amounts as positive values

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