Annie's Homemade is preparing a planning budget for August. Its budgeted revenue per serving is $5.00. It has identified two cost drivers-number of servings and number of labor-hours. The company expects to sell 10,800 servings and to staff 700 employee labor-hours in August. Data concerning the company's cost formulas are shown below: In August, the company actually sold 11,200 servings of ice cream and staffed 780 employee labor-hours. It's budgeted revenue per serving is $5.00. Required: Calculate the activity variances for August. Note: 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. \begin{tabular}{|l|l|l|l|l|} \hline & FlexibleBudget & PlanningBudget & \multicolumn{2}{c|}{ Activity Variances } \\ \hline Servings & & & & \\ \hline Labor-hours & & & & \\ \hline Revenue & & & & \\ \hline Expenses: & & & & \\ \hline Ingredients expense & & & & \\ \hline Salaries and wages expense & & & & \\ \hline Franchise fee & & & & \\ \hline Credit card processing fees & & & & \\ \hline Utilities expense & & & & \\ \hline Rent expense & & & & \\ \hline Equipment depreciation expense & & & & \\ \hline Other expenses & & & & \\ \hline Total expense & & & & \\ \hline Net operating income & & & \\ \hline \end{tabular}