appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (g) 24,000 Revenue ($4.00q) Expenses: $96,000 Raw materials ($2.20g) Wages and salaries ($6,4000.20g) Utilities ($2,000$0.05q) Facility rent (3,400) Insurance ($2,200) Miscellaneous ($500 0.10g) 52,800 11,200 3,200 3,400 2,200 2,900 75,700 Total expense Net operating income $20,300 In July, 25,000 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 25,000 Budgeted meals (q) $100,000 Revenue ($4.00g) Expenses: 55,000 Wages and salaries ($6,400 $0.20g)11,400 3,250 Raw materials ($2.20g) Utilities ($2,000so.05q) Facility rent ($3,400) Insurance (s2,200) MDGe llancoua $500 + $0.109) 3,400 2,200 3,000 Total expenac Net operating s 21,750 Required: 1. Calculato the company's activity variances for July. (Indicate the effect of each variance by selecting Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F for favorable, "U unfavorable, and "None" for no effect (i.e., zero varlance). Input all amounts as positive values.) ht Activity Variances For the Month Ended July 31 Revenue Expenses Utilities Facility rent Total expense Net operating income