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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

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 ($4.30q) Expenses: Raw materials ($1.90q) Wages and salaries ($6,200 + $0.20q) Utilities ($2,100 + $0.05q) Facility rent ($3,900) Insurance ($2,100) Miscellaneous ($300 + $0.10q) Total expenses Net operating income In July, 31,000 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 ($4.30g) Expenses: Raw materials ($1.90q) 30,000 $ 129,000 Wages and salaries ($6,200+ $0.20g) Utilities ($2,100 + $0.059) Facility rent ($3,900) Insurance ($2,100) Miscellaneous ($300 + $0.10g) Total expenses Net operating income 57,000 12,200 3,600 3,900 2,100 3,300 82,100 $ 46,900 31,000 $ 133,300 58,900 12,400 3,650 3,900 2,100 3,400 84,350 $ 48,950 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.
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Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: In July, 31,000 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 varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values

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