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 Care Planning Budget For the Month Ended July 31 Budgeted meals (9) 22,000 Revenue ($4.309) $94,600 Expenses Raw materials ($1.904) 41,800 Wages and salaries ($6,400 + $0.209) 10,800 Utilities ($1,800 + $0.059) 2.900 Facility rent ($3,200) 3,200 Insurance ($2,500) 2,500 Miscellaneous ($400 + $0.100) 2,600 Total expense 63,800 Net operating income $30,000 In July, 23,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Care Flexible Budget Yor the Month Ended July 31 Budgeted meals (9) 23,000 Revenue ($4.309) $98,900 Expenses Raw materials ($1.909) 43,700 Wages and salaries (56,400+ 50.209) 11,000 Utilities ($1,800 + $0.059) 2,950 Facility rent ($3,200) 3,200 Insurance ($2,500) 2,500 Miscellaneous (5400 + $0.100) 2.700 Total expense 66,050 Het operating income $32,050 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.) Flight Caf Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income