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). 29,000 Revenue ($4.10g) $118,900 Expenses: Raw materials ($2.00g) 58,000 Wages and salaries ($6,500 + $0.20g) 12,300 Utilities ($1,800+ $0.05g) 3,250 Facility rent ($3,200) 3,200 Insurance ($2,400) 2,400 Miscellaneous ($600 + $0.10g) 3,500 Total expense Net operating income 82,650 $ 36,250 In July, 30,000 meals were actually served. The company's flexible budget for this level of activity appears below: 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) 30,000 Revenue ($4.10g) $123,000 Expenses: Raw materials ($2.00g) 60,000 Wages and salaries ($6,500+ $0.20g) 12,500 Utilities ($1,800 + $0.05g) 3,300 Facility rent ($3,200) 3,200 Insurance ($2,400) 2,400 Miscellaneous ($600 + $0.10g) 3,600 Total expense Net operating income 85,000 $ 38,000 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.) Revenue Expenses: Flight Caf Activity Variances For the Month Ended July 31 Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income