Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local alrport. The company's planning budget for July appears below: Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 27.eee $118, see Revenue ($4.489) Expenses: Raw materials ($2.ee) Wages and salaries ($6,488 + $0.289) Utilities ($2,000 + $0.859) Facility rent ($3,400) Insurance ($2,600) Miscellaneous ($400 + $0.109) Total expense Net operating income 54.ee 11,800 3,35 3,400 2,600 3,10 78,250 $ 48,550 In July, 28,000 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 Budgeted meals (9) 28. eee $123, 2ee Revenue (54.44) Expenses: Raw materials ($2.00) Wages and salaries ($6,488+ $0.284) Utilities ($2,eee + $0.859) Facility rent ($3,480) Insurance ($2,688) Miscellaneous ($460 + $0.109) Total expense Net operating income 56,600 12,600 3,400 3.46 2.60e 3,260 88,600 $ 42,600 Required: 1. Calculate the company's activity varlances for July. (Indicate the effect of each varlance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (Le., 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