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 $184,900 Revenue (54.009) Expenses: Raw materials (51.909) Wages and salaries (56,300 + $0.204) Utilities ($2,000+ $0.05) Facility rent (5,600) Insurance (52.300) Miscellaneous (5700 + 50.109) Total expense Het operating Inco 49.490 11,500 3,300 3.600 2.300 S300 $ 30.000 In duly, 27000 meats were actually served. The company's flexible budget for this level of activity appears below Flight Cote Flexible Budget For the Month Ended July 31 budgeted meals 27.000 In July, 27,000 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 (9) 27,000 Revenue (54.969) $108,000 Expenses: Raw materials (51.989) 51,300 Wages and salaries (56,300+ $0.289) 11,700 Utilities ($2,000 + $0.059) 3,350 Facility rent ($3,600) 3,600 Insurance (52,380) 2,300 Miscellaneous (5780 + $0.189) 3,400 Total expense 75,650 Net operating income $ 32,350 Required: 1. Calculate the company's activity variances for July (Indicate the effect of each variance by selecting "P* for favorable. "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts os positive values.) Flight Cate Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Us Facility cont istance Miscellaneous operating income