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 Care Planning Budget For the Month Inded July 31 Nudgeted meals (9) 28,000 $117,600 Revenue (54.209) Expenses Raw materials (52.009) Mages and salaries ($6,500 - 50.2001 Utilities ($2,200 + $0.059) Facility rent ($3,100) Insurance ($2,000) Miscellaneous (5600 + 50.100) Total expense Net operating Income 36,000 12,100 3,600 3,100 2.000 3,400 30, 200 $ 37,400 In July, 29,000 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) 29,000 $121,800 Revenue (54.209) Expenses Raw materials (52.009) Wages and salaries ($6,500+ $0.209) Utilities ($2,200 + $0.059) Facility rent ($3,100) Insurance ($2,000) Miscellaneous ($600 + $0.109) Total expense Net operating income 50,000 12,300 3,650 3,100 2,000 3.500 82,550 $ 39,250 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 rent Insurance Miscellaneous Total expense Net operating income