Flight Caf is a company that prepares in-fight meais for airlines in its kitchen located next to the local airport. The company's planning budget for July appears below Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.00q) Expenses: 21,000 $84,000 Raw materials ($1.80q) Wages and salaries ($6,200 $0.20q) Utilities ($1,800+$0.05q) Facility rent ($4,000) Insurance ($2,400) Miscellaneous (5800+S0.10q) 37,800 10,400 2,850 4,000 2,400 2,900 60,350 $23,650 Total expense Net operating income In July, 22,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.00q) Expenses 22,000 $88,000 Raw materials ($1.80q Wages and salaries (S6,200+ $0.20q) Utilities ($1,800 $0.05q) Facility rent ($4,000) Insurance ($2,400) Miscellaneous ($800 $0.10q) 39,600 10,600 2,900 4,000 2,400 3,000 62,500 $25,500 Total expense Net operating income Required 1. Compute the company's activity variances for July. (Indicate the effect of each variance by selecting"F for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). Input all amounts as positive values.) Activity Variances Raw materials Wages and Utilities Facility rent Insurance Total ex Net operating