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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: In

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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: In July, 22,000 meals were actually served. The company's flexible budget for this level of activity appears below: Required: 1. Calculate the company's activity variances for July. (Indlcete the effect of each varlence by selectling "F" for fevorable, "U" for unfavorable, and "None" for no effect (I.e., zero varlance). Input all amounts as positlve values.) \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Flight Caf } \\ \hline \multicolumn{1}{|c|}{ Activity Variances } \\ \hline For the Month Ended July 31 \\ \hline Revenue & \\ \hline Expenses: & \\ \hline Raw materials & \\ \hline Wages and salaries & \\ \hline Utilities & \\ \hline Facility rent & \\ \hline Insurance & \\ \hline Miscellaneous & \\ \hline Total expense & \\ \hline Net operating income & \\ \hline \end{tabular}

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