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 ($4.10q) Expenses: Raw materials ($2.009) Wages and salaries ($6,500 + $0.209) Utilities ($2,000 + $0.05q) Facility rent ($3,100) Insurance ($2,200) Miscellaneous ($800 + $0.10q) Total expense Net operating income 23,000 $ 94,300 46,000 11,100 3,150 3,100 2,200 3,100 68,650 $ 25,650 In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Budgeted meals (q) Revenue ($4.10q) Expenses: Flight Caf Flexible Budget For the Month Ended July 31 Raw materials ($2.009) Wages and salaries ($6,500+ $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,100) Insurance ($2,200) Miscellaneous ($800 + $0.109) Total expense Net operating income Required: 1. Calculate the company's activity variances for July. 24,000 $ 98,400 48,000 11,300 3,200 3,100 2,200 3,200 71,000 $ 27,400 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. Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income Flight Caf Activity Variances For the Month Ended July 31