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. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and variance). Input all amounts as positive values. for no effect (i.e., zero 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. Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and variance). Input all amounts as positive values. for no effect (i.e., zero