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Exercise 9-2 (Algo) Activity Variances [LO9-2] Fight Caf prepares In-flight meals for alrlines In Its kltchen located next to a local alrport. The company's planning

Exercise 9-2 (Algo) Activity Variances [LO9-2]
Fight Caf prepares In-flight meals for alrlines In Its kltchen located next to a local alrport. The company's planning budget for July appears below: In July, 27,000 meals were actually served. The company's flexible budget for this level of activity appears below: Required: 1. Calculate the company's activity varlances for July. (Incllcate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positlve values.)

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