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 Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 25,000 $102,500 DOK int Revenue ($4.100) Expenses Raw materials ($1.809) Wages and salaries ($6,100 + $0.209) Utilities ($2,100 + $0.059) Facility rent ($3,300) Insurance ($2,000) Miscellaneous ($400 + $0.100) To expense Net operating income 45,000 11,100 3,350 3,300 2,000 2,900 67,650 $ 34,850 rences In July, 16,000 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 meals (9) 26,000 Revenue ($4.100) $106.600 Expenses Raw materials ($1.80) 46,800 Wages and salaries (56,100+ $0.209) 11,300 Utilities ($2,100 + $0.059) 3,400 Facility rent ($3,300) 3,300 Insurance ($2,000) 2.000 Miscellaneous ($400 + $0.109) 3,000 Saved - FLEXIBLE BUDGETS 6 UUUU TULAT dapung Net operating income $ 34,850 In July, 26,000 meals were actually served. The company's flexible budget for this level of activity appears below: 26,000 $106,600 Book Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($4.109) Expenses : Raw materials ($1.80) Wages and salaries ($6,100+ $0.209) Utilities ($2,100 + $0.059) Facility rent ($3,300) Insurance ($2,000) Miscellaneous ($400 + $0.109) Total expense Net operating income Hint Print 46,800 11,300 3,400 3,300 2,000 3,000 69,800 $ 36,800 rences Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable," 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 Expert Saved KIBLE BUDGETS Net operating income $ 36,000 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 Facily rent Insurance Miscellaneous Total expenso Net operating income