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 Cafe Planning Budget For the Month Ended July 31 Budgeted seals (9) 27,000 $116,100 Revenue ($4.309) Expenses Raw materials ($2.209) Wages and salaries ($6,000 + $0.209) Utilities ($1,900 + $0.059) Facility rent ($3,500) Insurance ($3,000) Miscellaneous ($500 + $0.109) Total expense Net operating income 59,400 11,400 3,250 3,500 3,000 3,200 33,750 $ 32,350 In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 28,000 $120,400 Revenue ($4.300) Expenses Raw materials ($2.209) Wages and salaries ($6,000+ $0.209) Utilities ($1,900 + $0.05) Facility rent (53,500) Insurance ($3,000) Miscellaneous (5500 + $0.109) Total expense Bet operating income 61, 600 11,600 3,300 3,500 3,000 3,300 B6,300 $ 34,100 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 (i.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