apter 9 Homework Saved 1 Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below. Flight Caf Planning Budget For the Month Ended July 31 2.5 points 03 00:37:28 eBook Hint Print References Budgeted meals (q) Revenue ($4.30q) Expenses: Raw materials ($1.909) Wages and salaries ($6,400 + $0.209) Utilities ($2,000 + $0.05q) Facility rent ($3,800) Insurance ($2,600) Miscellaneous ($300 +$0.10q) Total expenses Net operating income 21,000 $ 90,300 39,900 10,600 3,050 3,800 2,600 2,400 62,350 $ 27,950 In July, 22,000 meals were actually served. The company's flexible budget for this level of activity appears below: Budgeted meals (q) Revenue ($4.30q) Expenses: Flight Caf Flexible Budget For the Month Ended July 31 Raw materials ($1.989) Wages and salaries ($6,400+ $0.204) Utilities ($2,000 + $0.05q) Facility rent ($3,800) Insurance ($2,600) Miscellaneous ($300 + 50.109) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 22,000 $ 94,600 41,800 10,800 3,100 3,800 2,600 2,500 64,600 $ 30,000 Note: Indicate the effect of each variance by selecting "F" for favorable, "Ufor unfavorable, and "None" for no effect variance). Input all amounts as positive values. 1 nts 00:37:17 eBook Hint Print References Budgeted meals (q) Revenue ($4.309) Expenses: Flight Caf Flexible Budget For the Month Ended July 31 Raw materials ($1.90q) Wages and salaries ($6,400+ $0.20q) Utilities ($2,000 + $0.059) Facility rent ($3,800) Insurance ($2,600) Miscellaneous ($300 + $0.10q) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 22,000 $ 94,600 41,800 10,800 3,100 3,800 2,600 2,500 64,600 $ 30,000 Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None variance). Input all amounts as positive values. Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income Flight Caf Activity Variances For the Month Ended July 31