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:

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 Raw materials Wages and salaries Utilities Facility rent Miscellaneous Total expense Net operating income Exercise 9-2 Activity Variances [Log-2] Flight Cafe prepares in-flig ht 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) 20,000 Revenue ($4.30q) $86,000 Expenses: Raw materials ($2.10q) 42,000 Wages and salaries ($6,000 + $0.20q) 10,000 Utilities ($1,900 + $0.05q) 2,900 Facility rent ($3,000) 3,000 Insurance ($3,000) 3,000 Miscellaneous ($700 + $0.10q) 2,700 Total expense 63,600 Net Operating income $22,400 [ In July, 21,000 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) 21,000 Revenue ($4.30q) $90,300 Expenses: Raw materials ($2.10q) 44,100 Wages and salaries ($6,000+ $0.20q) 10,200 Utilities ($1,900 + $0.05q) 2,950 Facility rent ($3,000) 3,000 Insurance ($3,000) 3,000 Miscellaneous ($700 + $0.10q) 2,800 Total expense 66,050 Net Operating income $24,250