es Check my wa Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Cafl Planning Budget For the Month Ended July 31 Budgeted meals (q) 30,000 Revenue ($4.40q) $132,000 Expenses: Raw materials ($2.20q) 66,000 Wages and salaries ($6,200 + $0.20q) 12,200 Utilities ($2,200 + $0.05q) 3,700 Facility rent ($3,700) 3,700 Insurance ($2,100) 2,100 Miscellaneous ($400 +$0.109) 3,400 Total expense 91,100 Net operating income $ 40,900 In July, 31,000 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 Budgeted meals (q) 31,000 Revenue ($4.40q) $136,400 Expenses: Raw materials ($2.20q) 68,200 Wages and salaries ($6,200+ $0.20q) 12,400 Utilities ($2,200 $0.05q) 3,750 Facility rent ($3,700) 3,700 Insurance ($2,100) 2,100 Miscellaneous ($400 + $0.10g) 3,500 Total expense 93,650 Net operating income $ 42,750 Required: 1. Calculate the company's activity variances for July. (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.) Flight Caf Activity Voriances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income