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 (4) 27,980 Revenue ($4.1eq) Expenses $118,789 Raw materials ($2.80q) Wages and salaries ($6,488$8.28q) Utilities ($2,28$8.85q) Facility rent ($3,688) Insurance ($2,see) Miscellaneous (s78 $8.184) 54,88e 11,800 3, 558 3,688 2, 580 3,486 78,858 31,856e Total expense Net operating income 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 (4) 28,8e0 Revenue ($4.18q) Expenses $114,888 Raw materials ($2.80q) Wages and salaries ($6,48+ $8.28q) Utilities ($2,28 $e.85q) Facility rent ($3,608) Insurance ($2,5e8) Miscellaneous ($788$8.18q) 56,88e 12,88e 3,686 3,686 2,580 3,580 Total expense Net operating income 33,68e Requlred 1 Calculate the company's activity variances for July. (Indicate the effect of each verlence by selecting "F for favorable, "U" for unfevorable, and "None" for no effect (.e., zero varience). Input all amounts as posltlve 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