30,000 $120,000 Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.000) Expenses: Raw materials ($2.109) Wages and salaries ($6,100 + $0.289) Utilities ($1,900 + $0.05) Facility rent ($3,800) Insurance ($2,100) Miscellaneous (5700 + $0.109) Total expense Net operating income 63,000 12, 100 3,400 3,800 2,100 3,700 88,100 $ 31,900 In July, 31,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (q) 31,800 Revenue ($4.089) $124,000 Expenses: Raw materials ($2.109) 65,100 Wages and salaries (56,100+ $0.209) 12,300 Utilities (51,900 + $0.859) 3,450 Facility rent ($3,808) 3,800 Insurance ($2,100) 2,100 Miscellaneous ($700 + $0.189) 3,800 Total expense 98,550 Net operating income $ 33,450 Required: 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 (.e., zero variance). Input all amounts as positive values.) Flight Cale Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscelaneous Total expense Not operating income