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 (q) Revenue ($4.20q) Expenses: Raw materials ($1.90q) Wages and salaries ($6,200 + $0.20q) Utilities ($2,000+ $0.05q) Facility rent ($3,900) Insurance ($2,100) Miscellaneous ($700 + $0.10q) Total expense Net operating income Budgeted meals (q) Revenue ($4.20q) In July, 21,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Expenses: Raw materials ($1.90q) Wages and salaries ($6,200+ $0.20g) Utilities ($2,000+ $0.05q) Facility rent ($3,900) Insurance ($2,100) 20,000 $ 84,000 Miscellaneous ($700 + $0.10q) Total expense Net operating income 38,000 10,200 3,000 3,900 2,100 2,700 59,900 $ 24,100 21,000 $ 88,200 39,900 10,400 3,050 3,900 2,100 2,800 62, 150 $ 26,050 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 Cafb 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, 21,000 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. (Indicate the effect of each variance by selecting "F" for favorable, "U" for lunfavorable. and "None" for no effect (l.e. zero variancel. Inout all amounts as bositive values.)