1 Check my work Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Caf Planning Budget 1 points eBook Hint Ask Print References For the Month Ended July 31 Budgeted meals (q) Revenue ($4.004) Expenses: Raw materials ($1.989) Wages and salaries ($6,400 +$0.20g) Utilities ($2,000 + $0.05q) Facility rent ($3,800) Insurance ($2,500) Miscellaneous ($800 +$0.10q) Total expense Net operating income 23,000 $ 92,000 43,700 11,000 3,150 3,800 2,500 3,100 67,250 $ 24,750 In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.00q) Expenses: Raw materials ($1.900) Wages and salaries (56,400+ $0.20g) Utilities ($2,000 $0.05g) Facility rent ($3,800) Insurance ($2,500) Miscellaneous ($800 +$0.18q) Total expense Net operating income 24,000 $ 96,000 45,600 11,200 3,200 3,800 2,500 3,200 69,500 $ 26,500 Chapter 98 Homework Problems 1 1 points Required: Saved Help Save & Exit Submit Check my work 1. Calculate the company's activity variances for July. (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.) Flight Caf Activity Variances For the Month Ended July 31 eBook Hint Revenue Ask Expenses: Raw materials Print References Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income