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 ($4.20q) Expenses: Raw materials ($2.009). Wages and salaries ($6,100 $0.20q). Utilities ($1,900 + $0.059) Facility rent ($3,200) Insurance ($2,600) Miscellaneous ($700 + $0.10g) Total expense Net operating income 23,000 $ 96,600 46,000 10,700 3,050 3,200 2,600 3,000 68,550 $ 28,050 In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Budgeted meals (q) Revenue ($4.289) Expenses: Flight Caf Flexible Budget For the Month Ended July 31 Raw materials ($2.009) Wages and salaries ($6,100+ 50.20g) Utilities ($1,900 + $0.059) Facility rent ($3,200) Insurance ($2,600) Miscellaneous ($700 + $0.10) Total expense Net operating income Required: 1. Calculate the company's activity variances for July 24,000 $ 100,800 48,000 10,900 3,100 3,200 2,600 3,100 70,900 $ 29,900 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. ces 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