Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: In July, 26,000 meals were actually served. The company's flexible budget for this level of activity appears below: \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ Flight Caf } \\ \hline \multicolumn{4}{|c|}{ Activity Variances } \\ \hline \multicolumn{4}{|c|}{ For the Month Ended July 31} \\ \hline Revenue & $ & 4,000 & F \\ \hline Expenses: & & & \\ \hline Raw materials & & 2,000 & U \\ \hline Wages and salaries & & 200 & U \\ \hline Utilities & & 50 & U \\ \hline Facility rent & & 0 & None \\ \hline Insurance & & 0 & None \\ \hline Miscellaneous & & 100 & U \\ \hline Total expenses & & 2,350 & \\ \hline Net operating income & & 1,650 & F \\ \hline \end{tabular}