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: Plight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 24,000 Revenue ($4.409) $105,600 Expenses : Raw materials ($2.209) 52,800 Wages and salaries ($6,400 + $0.209) 11,200 Utilities ($2,100 + $0.059) 3,300 Facility rent ($3,600) 3,600 Insurance ($2,200) 2,200 Miscellaneous ($800 + $0.109) 3,200 Total expense 76,300 Net operating income $ 29, 300 In July, 25,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Care Flexible Budget For the Month Ended July 31 Budgeted meals (9) 25,000 Revenue (54.409) $110,000 Expenses Raw materials (62.209) 55,000 Wages and salaries ($6,400+ $0.209) 11,400 Utilities ($2,100 + $0.059) 3,350 Facility rent ($3,600) 3,600 Insurance ($2,200) 2,200 Miscellaneous ($300 + $0.109) 3,300 Total expense 70,850 Net operating income $ 31,150 Required: 1. Calculate the company's activity variances for July (Indicate the effect of each variance by selecting "F" for favorable, "U" for 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