Check m Flight Caf planning Budget For the Month Ended July 31 Budgeted meals (9) 27,000 $113,400 Revenue ($4.209) Expenses: Raw materials ($2.109) Wages and salaries ($6,300 + $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,800) Insurance ($2,900) Miscellaneous ($700 + $0.109) Total expense Net operating income 56,700 11,700 3,350 3,800 2,900 3,400 81,850 $ 31,550 In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below: 28,000 $117,600 Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($4.209) Expenses: Raw materials ($2.109) Wages and salaries ($6,300+ $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,800) Insurance ($2,900) Miscellaneous ($700 + $0.100) Total expense Net operating income 58,800 11,900 3,400 3,800 2,900 3,500 B4,300 $ 33,300 Required: 1. Calculate the company's activity variances for July. (Indicate the effect of ea unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts Flight Caf Activity Variances For the Month Ended July 31 es Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income