Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: its Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.40q) Expenses: eBook Raw materials ($1.90q) Hint Print ferences Wages and salaries ($6,100 + $0.20q) Utilities ($1,800 + $0.05q) Facility rent ($3,700) Insurance ($2,900) Miscellaneous ($500 + $0.109) Total expenses Net operating income 25,000 $110,000 47,500 11,100 3,050 3,700 2,900 3,000 71,250 $ 38,750 In July, 26,000 meals were actually served. The company's flexible budget for this level of activity appears below. Flight Caf Flexible Budget Revenue ($4.40q) Expenses: Raw materials ($1.90q) Wages and salaries ($6,100+ $0.20q) For the Month Ended July 31 Budgeted meals (q) 26,000 $ 114,400 49,400 11,300 3,100 3,700 2,900 3,100 73,500 $ 40,900 Utilities ($1,800 + $0.059) Facility rent ($3,700) Insurance ($2,900) Miscellaneous ($500 + $0.109) Total expenses Net operating income 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. Flight Caf Activity Variances