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 (a) 25,000 $ 110,000 Revenue ($4.40 g) Expenses: Raw materials ($2.00g) 50,000 Wages and salaries ($6,300 + $0.20 g) 11, 300 3,150 Utilities ($1,900 + $0.054) 3,300 Facility rent ($3,300) Insurance ($2,500) 2,500 Miscellaneous ($800+ $0.10g) 3, 300 Total expense 73, 550 Net operating income $ 36, 450 In July, 26,000 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 (0) 26,000 Revenue ($4.40 g) $ 114, 400 Expenses: Raw materials ($2.00g) 52, 000 Wages and salaries ($6, 300+ $0.20g) 11, 500 Utilities ($1,900 + $0.054) 3, 200 Facility rent ($3,300) 3,300 Insurance ($2,500) 2,500 Miscellaneous ($800+ $0.10g) 3,400 75,900 Total expense Net operating income $ 38, 500 Required: 1. Calculate the company's activity varlances for July. (Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero varlance). 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 U U U None None U U F