Exercise 9-2 (Algo) Activity Variances [LO9-2] Fight Caf prepares in-fight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: In July, 26,000 meais 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. 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 variance). Input all amounts as positive values