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 Cate Planning Budget For the Month Ended July 31 Budgeted meals (9) 20,000 $78,000 Revenue ($3.909) Expenses : Raw materials ($2.209) Wages and salaries ($6,500 + $0.209) Utilities ($1,900 + $0.059) Facility rent ($3,500) Insurance ($2,200) Miscellaneous ($500 + $0.109) Total expense Net operating income 44,000 10,500 2,900 3,500 2,200 2,500 65,600 $12,400 In July, 21,000 meals were actually served. The company's flexible budget for this level of activity appears below: Plight Cate Flexible Budget For the Month Ended July 31 Budgeted meals (9) 21,000 $81,900 Revenue ($3.909) Expenses Raw materials (52.209) Wages and salaries ($6,500+ $0.209) Utilities ($1,900 - 50.059) Facility rent ($3,500) Insurance ($2,200) Miscellaneous ($500 + 50.100) 46,200 10,700 2,950 3,500 2,200 2.600 In July, 21,000 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 (9) 21,000 $81,900 Revenue ($3.909) Expenses: Raw materials ($2.209) Wages and salaries ($6,500+ $0.209) Utilities ($1,900 + $0.059) Facility rent ($3,500) Insurance ($2,200) Miscellaneous ($500 + $0.109) Total expense Net operating income 46,200 10,700 2,950 3,500 2,200 2,600 68,150 $13,750 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 (ie, zero variance). Input all amounts as positive values.)