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) 22,800 590,200 Revenue (54.100) Expenses: Raw materials (51.909) Wages and salaries (56,300 $0.209) Utilities (51,900 - 50.05) Facility rent (53,300) Insurance ($2,100) Miscellaneous (5600 + 50.189) Total expense Wet operating income 41,290 10,700 3,000 3,300 2,100 2,800 63,700 526,500 2 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 neals (0) 23,000 594,300 Revenue ($4.109) Expenses: Raw daterials (51.909) Wages and salaries (56,300+ 50.209) Utilities (51,900 - 50.054) Facility rent (5,300) Insurance ($2,100) Miscellaneous (5600 - 50.100) Total expense Net operating income 43,200 10,900 3,ese 3,300 2,100 2.900 65,950 $28,350 Required: 1 Calculate the company's activity variances for July (Indicate the effect of each variance by selecting "Pfor tovorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance), Input all amounts os positive volues.)