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) 26,000 $106,606 Revenue ($4.10q) Expenses: Raw materials ($2.20q) 57,200 Wages and salaries ($6,100 $0.20q) 11,300 3, 300 3,600 2, 800 3,500 81,700 $ 24,90e Utilities ($2,000 $0.05q) Facility rent ($3,600) Insurance ($2,800) Miscellaneous ($900 $0.10q) Total expense Net operating income In July, 27,000 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 (q) 27,000 $110,700 59,400 11,500 Revenue ($4.10q) Expenses: Raw materials ($2.20q) Wages and salaries ($6,100+ $0.20q) Utilities ($2,000 $0.05q) Facility rent ($3,600) Insurance ($2,800) Miscellaneous ($900 $0.10q) 3, 350 3,600 2,800 3,600 84,250 $ 26,456e Total expense Net operating income 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.) sel variance), Input all amoutc Flight Caf Activity Variances For the Month Ended July 31 Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurancee Miscellaneous Total expense Net operating income