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: Plight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 21,000 $86,100 Revenue ($4.109) Expenses: Raw materials ($2.009) Wages and salaries ($6,500 + $0.20g) Utilities ($1,900 + $0.059) Facility rent ($3,800) Insurance ($2,100) Miscellaneous ($600 + $0.100) Total expense Net operating income 42,000 10,700 2,950 3,800 2,100 2,700 64,250 $21,850 In July 22,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Plexible Budget For the Month Ended July 31 Budgeted meals (9) 22,000 $90.200 Revenue ($4.100) Expenses Raw materials ($2.009) Wages and salaries ($6,500+ $0.209) Utilities ($1,900 $0.059) Facility rent 153,300) 44,000 10,900 3,000 3,800 O Total expense Net operating income 64,250 $21,850 In July, 22,000 meals were actually served. The company's flexible budget for this level of activity appears below: Plight Cafe Plexible Budget For the Month Ended July 31 Budgeted meals (9) Jook 22,000 $90,200 Revenue ($4.10q) Expenses Raw materials ($2.009) Wages and salaries ($6,500+ $0.209) Utilities ($1,900 + $0.05) Facility rent ($3,800) Insurance ($2,100) Miscellaneous ($600 + $0.109) Total expense Net operating income 44,000 10,900 3,000 3,800 2,100 2,800 66,600 $23,600 Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, 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 Core Activity Variances For the Month Ended July 31 Revenue F Expenses: Raw materials U U Wages and salaries Utilities Facility rent u None Insurance None Miscellaneous Total expense Net operating income w P X 27