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 Caf Planning Budget For the Month Ended July 31 Budgeted meals (9) 22,000 588,000 Revenue (54.209) Expenses: Raw materials (52.109) Wages and salaries (56,300 + $0.209) utilities ($2,100 + $0.059) Facility rent (53,300) Insurance (52,200) Riscellaneous (5600 + $0.109) Total expense Net operating income 46,200 10,700 3,200 3,300 2,200 2,500 68,400 $19,600 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 (9) 23,000 Revenue (54.009) $92.000 Expenses : Raw materials (52.109) 48,300 Wages and salaries ($6,300+ $0.209) 10,900 Utilities ($2,100 + 50.059) 3,250 Facility rent ($3,300) 3,300 Insurance ($2,200) 2.200 Miscellaneous ($600 + 50.109) 2,900 Total expense 70,850 Net operating income $21,150 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.)