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 ($4.30g) Expenses: Raw materials ($1.80q) Wages and salaries ($6,300 + $0.20q) Utilities ($1,900 + $0.059) Facility rent ($4,000) Insurance ($3,000) Miscellaneous ($700 + $0.10q) Total expense Net operating income 22,000 $ 94,600 39,600 10,700 3,000 4,000 3,000 2,900 63,200 $ 31,400 In July, 23,000 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 ($4.30q) Expenses: Raw materials ($1.80q) Wages and salaries ($6,300+ $0.209) Utilities ($1,900 + $0.059) Facility rent ($4,000) Insurance ($3,000) Miscellaneous ($700 + $0.10q) Total expense Net operating income Required: 1. Calculate the company's activity variances for July. 23,000 $ 98,900 41,400 10,900 3,050 4,000 3,000 3,000 65,350 $ 33,550 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