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 ($4.10q) Expenses: Raw materials ($2.009) Wages and salaries ($6,100 + $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,300) Insurance ($2,800) Miscellaneous ($300 + $0.10q) Total expenses Net operating income 22,000 $ 90,200 44,000 10,500 3,100 3,300 2,800 2,500 66,200 $ 24,000 In July, 23,000 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 ($4.10q) Expenses: Raw materials ($2.009) Wages and salaries ($6,100+ $0.209) Utilities ($2,000 + $0.05q) Facility rent ($3,300) Insurance ($2,800) Miscellaneous ($300 + $0.10q) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 23,000 $ 94,300 46,000 10,700 3,150 3,300 2,800 2,600 68,550 $ 25,750 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