Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.00g) Expenses: Raw materials ($2.10g) Wages and salaries ($6,300 + $0.20g) Utilities ($2,000+ $0.05g) Facility rent ($3,900) Insurance ($2,800) Miscellaneous ($800 + $0.10g) Total expenses Net operating income Budgeted meals (g) Revenue ($4.00g) Expenses: Raw materials ($2.10g) In July, 25,000 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 Wages and salaries ($6,300+ $0.20g) Utilities ($2,000+ $0.05g) Facility rent ($3,900) Insurance ($2,800) Miscellaneous ($800 + $0.10g) Total expenses Net operating income 24,000 $ 96,000 Required: 1. Calculate the company's activity variances for July. 50,400 11,100 3,200 3,900 2,800 3,200 74,600 $ 21,400 25,000 $ 100,000 52,500 11,300 3,250 3,900 2,800 3,300 77,050 $ 22,950

Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: In July, 25,000 meals were actually served. The company's flexible budget for this level of activity appears below: Required: 1. Calculate the company's activity variances for July. Required: 1. 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