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, 28,000 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. Note: 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. \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}