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Flight C f prepares in - flight meals for airlines and its planning budget for July appears below: table [ [ table [

Flight Cf prepares in-flight meals for airlines and its planning budget for July appears below:
\table[[\table[[Flight Caf],[Planning Budget],[For the Month Ended July 31]],,],[Budgeted meals (q).,,18,000],[Revenue ($4.50q).,$,81,000],[Expenses:],[Raw materials ($2.40q),,43,200],[Wages and salaries ($5,200+$0.30q),,10,600],[Utilities ($2,400+$0.05q),,3,300],[Facility rent ($4,300),,4,300],[Insurance ($2,300),,2,300],[Miscellaneous ($680+$0.10q),,2,480],[Total expenses,,66,180],[Net operating income,$,14,820]]
In July, 17,800 meals were actually served. The company's flexible budget for this level of activity appears below:
\table[[\table[[Flight Caf],[Flexible Budget],[For the Month Ended July 31]],,],[Budgeted meals (q),,17,800],[Revenue ($4.50q),$,80,100],[Expenses:],[Raw materials ($2.40q),,42,720],[Wages and salaries ($5,200+$0.30q),,10,540],[Utilities ($2,400+$0.05q),,3,290],[Facility rent ($4,300),,4,300],[Insurance ($2,300),,2,300],[Miscellaneous ($680+$0.10q),,2,460],[Total expenses,,65,610],[Net operating income,$,14,490]]
1. Calculate the companys activity
Required:
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.
\table[[,ht Caf],[,Variances],[,h Ended July 31],[Revenue,],[Expenses:,c],[Raw materials,P],[Wages and salaries,F.],[Utilities,-],[Facility rent,7],[Insurance,7],[Miscellaneous,7],[Total expenses,F],[Net operating income,F variances for july
1. CALCULATE THE COMPANYS ACTIVITY VARIANCES FOR JULY
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