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 (q) Revenue ($3.90q) 29,000 $113,100 Expenses: Raw materials ($2.30g) Utilities ($1,900 + $0.05q) Facility rent ($3,400) 66,700 Wages and salaries ($6,500 + $0.20q) 12,300 3,350 3,400 Insurance ($2,700) Miscellaneous ($300 + $0.10q) Total expense 2,700 3,200 91,650 $ 21,450 Net operating income In July, 30,000 meals were actually 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 (q) Revenue ($3.90q) Expenses: Raw materials ($2.30q) Wages and salaries ($6,500+ $0.20q) Utilities ($1,900 + $0.05q) Facility rent ($3,400) Insurance ($2,700) Miscellaneous ($300 + $0.10q) Total expense Net operating income Required: 1. Calculate the company's activity variances for July. 30,000 $ 117,000 69,000 12,500 3,400 3,400 2,700 3,300 94,300 $ 22,700 Note: 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. Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income Flight Caf Activity Variances For the Month Ended July 31