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) 22,000 Revenue ($3.909) $85,800 Expenses: Raw materials ($1.909) 41,800 Wages and salaries ($6,000 + $0.209) 10,400 Utilities ($2,100 + $0.959) 3,200 Facility rent ($3,500) 3,500 Insurance ($2,900 2,900 Miscellaneous ($800 + 3,000 $0.189) Total expense 64,800 Net operating income $21,000 In July, 23.000 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) 23,000 Revenue ($3.999) $89,700 Expenses: Raw materials ($1.909) 43,700 Wages and salaries ($6,000+ $0.289) 10,600 Utilities ($2,100 + $0.959) 3,250 Facility rent ($3,500) 3,500 Insurance ($2,900) 2,900 Miscellaneous ($800 + 3,190 $0.189) Total expense 67,050 Net operating income 22,650 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 (1.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