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 meala (9) 29,000 $124, 700 Revenue ($4.300) Expenses Raw materials ($2.109) Wages and salaries ($6,400 + $0.200) Utilities ($2,100 + $0.059) Facility rent ($3,500) Insurance 1$2,900) Miscellaneous (3500 + $0.100) Total expense Net operating income 60,900 12,200 3,550 3,500 2,900 3,400 86,450 $ 38,250 In July, 30,000 meals were actually served. The company's flexible budget for this level of activity appears below: Plight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 30,000 $129,000 Revenue ($4.309) Expennent Raw materials ($2.109) Wages and salaries ($6,400+ $0.209) Utilities ($2,100 + $0.059) Facility rent ($3,500) Insurance ($2,900) Miscellaneous ($500 + $0.100) Total expense Net operating income 63,000 12,400 3,600 3,500 2,900 3,500 89,900 $ 40,100 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 Cafe Activity Variances For the Month Ended July 31 Revenue Expenses Required: 1. Calculate the company's activity variances for July (Indicate the effect unfavorable, and "None" for no effect (i.e., zero variance). Input all am ces 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