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 (9) 26,000 Revenue ($4.409) $114,400 Expenses: Raw materials ($2.009) 52,000 Wages and salaries ($6,300 + $0.209) 11,500 Utilities ($2,100 + $0.059) 3,400 Facility rent ($3,200) 3,200 Insurance ($2,100) 2,100 Miscellaneous ($500 + $0.109) 3, 100 Total expense 75,300 Net operating income $ 39,100 In July, 27,000 meals were actually served. The company's flexible budget for this level of activity appears below: 27,000 $118,800 Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($4.409) Expenses: Raw materials ($2.00) Wages and salaries ($6,300+ $0.209) Utilities ($2,100 + $0.059) Facility rent ($3,200) Insurance ($2,100) Miscellaneous ($500 + $0.109) Total expense Net operating income 54,000 11,700 3,450 3,200 2,100 3,200 77,650 $ 41,150 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