Adam Gase Diner is a charity supported by donations that provides free meals to the homeless Jets Fans and Crying Jets fan Accounting Professors. The diner's budget for May was based on 2,500 meals, but the diner actually served 2,700 meals. Things never go quite as planned at this diner but Adam is promising to work hard. The diner's director, Joe "trade away all the best food" Douglas has provided the following cost data to use in the budget: groceries, $4.15 per meal; kitchen operations, $4,500 per month plus $1.71 per meal, administrative expenses, $3,500 per month plus $0.36 per meal; and fundraising expenses, $1,500 per month. The director has also provided the diner's statement of actual expenses for the month: Adamyan Urban Diner Statement of Expenses For the Month Ended May 31 Actual meals Groceries Kitchen operations Administrative expenses Fundraising expenses Total expense 2,700 $11,155 9,000 4,292 1,500 $25,947 Required: Prepare a report showing the activity variances for each of the expenses and for total expenses for May. (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.) Required: Prepare a report showing the activity variances for each of the expenses and for total expenses for May. (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.) Activity Variances Adam Gase Diner Activity Variances For the Month Ended May 31 Flexible Planning Budget Budget Meals 2,700 2,500 Groceries Kitchen operations Administrative expenses Fundraising expenses Total expense