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Exercise 9-2 (Algo) Activity Variances [L09-2] Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning

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image text in transcribed Exercise 9-2 (Algo) Activity Variances [L09-2] 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: In July, 31,000 meals were actually served. The company's flexible budget for this level of activity appears below: Required: 1. Calculate the company's activity variances for July. Note: 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

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