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 ($3.80q) Expenses: Raw materials ($1.90q) Wages and salaries ($6,500 + $0.20q) Utilities ($2,000 + $0.05q) Facility rent ($3,700) Insurance ($2,600) Miscellaneous ($700 + $0.10q) Total expenses Net operating income 23,000 $ 87,400 43,700 11,100 3,150 3,700 2,600 3,000 67,250 $ 20,150 In July, 24,000 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 (q) Revenue ($3.80q) Expenses: Raw materials ($1.90q) Wages and salaries ($6,500+ $0.20q) Utilities ($2,000 + $0.05q) Facility rent ($3,700) Insurance ($2,600) Miscellaneous ($700 + $0.10q) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 24,000 $ 91,200 45,600 11,300 3,200 3,700 2,600 3,100 69,500 $ 21,700 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. Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income Flight Caf Activity Variances For the Month Ended July 31