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 meals (9) 29,000 $117,600 Revenue (54.209) Expenses: Raw materials ($2.109) Wages and salaries (56,100 + $0.209) Utilities ($2,200 + $0.059) Pacility rent ($4,000) Insurance ($2,600) Miscellaneous ($500 + 50.109) Total expense Net operating income 58.800 11,700 3,600 4.000 2.600 3.300 84.000 $ 33,600 In July, 29,000 meals were actually served. The company's flexible budget for this level of activity appears below: Plight Care Flexible Budget For the Month Ended July 31 budgeted meals 19) 29.000 5121.00 Revenue 154.2008 aw materias 19221091 wagon and salaries (56.100+ $0.2003 O 12.200+ $9.054) Pality at 14,000) Insurance $2.000 Hiscellaneous (5500 - 10.10 60,00 11,900 3.650 4.000 2,600 16,450 Het per income Miscellaneous ($500 + $0.100) Total expense Het operating income 3,400 86,450 $ 35, 350 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 Cafe Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Uutities Facility rent Insurance Miscellaneous Total expense Not operating income