Flight Caf prepares in light meals for airlines in its kitchen located next to a local dirport. The company's planning budget for July appears below Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 22,000 Revenue ($4.509) $99,000 Expenses: Raw materials ($1.909) 41, see Wages and salaries ($6,200 + $0.289) 10,680 Utilities ($2,000 + $0.959) 3,100 Facility rent ($3,700) 3,700 Insurance ($2,000) 2,000 Miscellaneous ($800 + $0.189) 3,000 Total expense 54,280 Net operating income $34,800 ce In July, 23,000 moals were actually served. The company's flexible budget for this level of activity appears below. Flight Cafe Flexible Budget For the Month Ended Jiny 31 Budgeted meals (9) 23,000 Revenue ($4.589) 5103,500 Expenses: Raw materials ($1.989) 43,700 Wages and salaries 18,800 ($6,200+ $0.289) Utilities ($2,000 + 3,150 $0.859) Facility rent ($3,700) 3,700 Insurance ($2,eve) 2,000 Miscellaneous ($800 + se. 189) 3,100 Total expense 66,450 Net operating income $ 37,050 Required: 1. Calculate the company's activity variances for July (Indicate the effect of each variance by selecting" for favorable. "U" for unfavorable, and "None" for no effect (.e., zero variance). Input all amounts as sve values Flight Cafe Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Uulties Facility rent Insurance Miscellaneous Total expense Net Operating Lncome