Flight Caf is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The companys planning budget for July appears below:

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: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (9) 26,000 $ 106,600 Revenue ($4.109) Expenses : Raw materials ($2.109) Wages and salaries ($6,100 + $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,700) Insurance ($2,300) Miscellaneous ($300 + $0.109) Total expense Net operating income 54,600 11,300 3,300 3,700 2,300 2,900 78,100 $ 28,500 In July, 27,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (9) 27,000 $ 110,700 Revenue ($4.109) Expenses: Raw materials ($2.109) Wages and salaries ($6,100+ $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,700) Insurance ($2,300) Miscellaneous ($300 + $0.109) Total expense Net operating income 56,700 11,500 3,350 3,700 2,300 3,000 80,550 $ 30,150 Required: 1. Calculate 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 (i.e., zero variance). Input all amounts as positive values.) Flight Caf Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income