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 Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 24,000 $ 103, 200 Revenue (54.300) Expenses Raw materials (52.209) Wages and salaries (56,000+ 0.289) Utilities ($2,100 se.es) Facility rent ($3,200) Insurance ($2,900) Miscellaneous $700 - $8.10) Total expense Net operating income 52,800 10,800 3,300 3, 100 2,900 3,100 76,000 $ 27,200 In July, 25,000 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 (q) 25,000 Revenue ($4.389) $ 107,500 Expenses: Raw materials (52.209) 55,000 Wages and salaries ($6,080- 58.289) 11,000 Utilities ($2,100 + se. e5a) 3,350 Facility rent ($3, 10e) 3,100 Insurance ($2,900) 2,900 Miscellaneous ($780 + $0.189) 3,200 Total expense 78,550 $28.950 Required: 1 Calculate the company's activity variances for July (Indicate the effect of each variance by selecting for favorable. "U" for unfavorable, and one for no effectuero variance Input all amounts as positive values.) Ativity Warines For the may 31 Nevenue Ramal wa Us Foolly rent Miscellaneous Net Operating come