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 20.000 5 112.000 Night Cafe Planning Budget For the Month Ended July 1 Budgeted meals () Revenge (54.009) Expenses Raw materiale ($2.209) Wages and salaries (56,300 + $0.200) Utilities ($1.900 - 50.059) Facility rent (53.000) Insurance (52,300) Miscellaneous (5400 - 50.100) Total expense Net operating income 61.600 11.900 3,300 3.000 2,300 3.200 85,000 $ 26,700 In July, 29,000 meals were actually served. The company's flexible budget for this level of activity appears below. might Cafe Flexible Budget For the Month Unded July 11 Budgeted meale ) 29,000 Revenge (54.009) 5 116,000 Expenses Raw materials (52.209) 63,800 Wages and salaries ($6,500+ $0.209) 12,100 utilities ($1,900 + $0.059) 3.350 Facility rent ($3,000) 3,000 Insurance $2,300) 2.300 Miscellaneous (5400 $0.109) 3.300 Total expense 17,850 Not operating Income $ 28,150 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 (.e., zero variance). Input all amounts as positive values.) Flight Cafe Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility ront Insurance Miscellaneous Total expense Net operating income F None U