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: 22,800 $94.600 Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($4.309) Expenses: Raw materials (52.389) Wages and salaries ($6,500 + $0.209) Utilities (51,900 + $0.859) Facility rent ($3,000) Insurance ($2,900) Miscellaneous ($300 + $0.109) Total expense Met operating income 50,600 10,900 3,000 3,000 2,900 2,500 72,900 $21,700 In July, 23,000 meals were actually served. The company's flexible budget for this level of activity appears below. Fight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (m) 23,000 Revenue (54.300) $98,980 4 e to search O 3 logo Lage.. M McGraw-Hill Connect omework 6.1 Saved Net operating income $21,700 In July, 23,000 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) 23,000 Revenue ($4.389) $98,900 Expenses: Raw materials ($2.389) 52,988 Wages and salaries ($6,500+ $0.289) 11,100 utilities ($1,900 + $0.859) 3,850 Facility rent ($3,000) 3,000 Insurance ($2,980) 2,900 Miscellaneous ($300 + $0.109) 2,600 Total expense 75,550 Net operating income $23,350 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 so