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 (9) 26,000 $117,000 Revenue ($4.500) Expenses Raw materials ($2.109) Wages and salaries ($6,300 + $0.209) Utilities ($2,100 + $0.059) Facility rent ($3,700) Insurance ($2,900) Miscellaneous ($900 + $0.100) Total expense Net operating income 54,600 11,500 3,400 3,700 2,900 3,500 79,600 $ 37,400 In July, 27,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 27,000 Revenue (54.509) $121,500 Expenses Raw materials (52.109) 56,700 Wages and salaries ($6,300+ $0.209) 11,700 Utilities ($2,100 + $0.059) 3,450 Facility rent ($3,700) 3,700 Insurance ($2,900) 2,900 Miscellaneous ($900 + $0.109) 3,600 Total expense B2.050 Net operating income $ 39,450 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 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