Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (9) 18,000 Revenue ($4.509) $ 81,000 Expenses: Raw materials ($2.409) 43,200 Wages and salaries ($5,200 + $0.304) 10,600 Utilities ($2,400 + $0.059) 3,300 Facility rent ($4,300) 4,300 Insurance ($2,300) 2,300 Miscellaneous ($680 + $0.109) 2,480 Total expense 66,180 Net operating income $ 14,820 In July, 17,800 meals were actually servd. The company's flexible budget for this level of activity appears below: Ylight Cate Flexible Budget For the Month Ended July 31 Budgeted meals (9) 17,800 Revenge ($4.509) 5 80.100 Expenses Raw materials (52.409) 42,720 Wages and salaries ($5,200 $0.300) 10.540 Utilities ($2.400 + $0.054) 3,290 Facility rent (54,300) 4,300 Insurance (52,300) 2,300 Miscellaneous (5680 + 50.100) 2.460 Total expense 65,610 Net operating income $14.490 Required: Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) Flight Caf Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income