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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

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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 (g) 27,000 $116,100 Revenue ($4.30q) Expenses: Raw materials ($2.10q) Wages and salaries ($6,100 $0.20g) Utilities ($2,000 $0.05q) Facility rent ($3,800) Insurance ($2,600) Miscellaneous ($400+ $0.10g) 56,700 11,500 3,350 3, 800 2,600 3,100 81,050 Total expense Net operating income 35,050 In July, 28,000 actually meals were 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 (g) 28,000 $120,400 Revenue ($4.30q) Expenses: Raw materials ($2.10q) Wages and salaries ($6,100+ $0.20g) Utilities ($2,000 $0.05q) Facility rent ($3,800) Insurance ($2,600) Miscellaneous ($400+ $0.10g) 58,800 11,700 3,400 3,800 2,600 3,200 83,500 36,900 Total expense Net operating income 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.)

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