Exercise 9-2 Activity Variances [LO9-2) Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning appears below budget for July Flight Cat Planning Budget s (g) 20,000 Revenue ($4.30g) $86,000 Raw materials ($1.90g) Wages and salaries ($6,100 $0.20g) Utilities ($2,000+$0.05g) Facility rent ($3,100) Insurance ($2,800) Miscellaneous ($700 s0.10g) 38,000 10,100 3,000 3,100 2,800 2,700 59,700 Total expense $26,300 In July, 21,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flexible Budget Month Ended July 31 21,000 $90 300 39,900 10,300 Revenue ($4.30g) Expenses: Raw materials ($1.90g) Wages and salaries ($6,100+ $0.20g) Prev 2015 Next > 13 2 Expe seated as. ril 9006 100+ 2:10: g veilities ($2,000$0.05g Pacilty rent ($3,100) Insurance ($2,800) 10,300 3,050 3,100 ($700 $o.10g) points 1. Calculate the rero varince