Air Meals is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company's planning budget for December appears below: Air Meals Planning Budget For the Month Ended December 31 Budgeted meals (q) 25,000 93,800 Revenue ($3.80q) Expenses: Raw materials ($1.80q) 45,800 Wages and salaries ($6,300+ 11,500 $0.20g) Utilities ($2,200 + $0.05q) 3500 Facility rent ($3,200) 3200 Insurance ($3,000) 3000 Miscellaneous ($300 + $0.109) 2900 70,900 Total expense Net operating income 27,900 In December, 27,000 meals were actually served. The company's flexible budget for this level of activity is as follows: Air Meals Flexible Budget For the Month Ended December 31 Budgeted meals (q) Revenue ($3.80q) 27.000 $1 $102,600 Expenses: Raw materials ($1.80g) Wages and salaries ($6,300+ 48 600 11.700 $0.20g) Utilities ($2,200 + $0.05q) 3550 Facility rent ($3,200) 3200 Insurance ($3,000) 3000 Miscellaneous ($300 + $0.109) 3000 Total expense 73050 Net operating income $29550 Required: 1. Compute the company's activity variances for December. (Input all values as positive numbers. Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).) Air Meals Activity Variances For the Month Ended December 31 Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income