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) 25,000 Revenue ($4.289) $105,000 Expenses: Raw materials ($1.909) 47,500 Wages and salaries ($6,100 + $0.20) 11,100 Utilities ($2,000 + $0.059) 3,250 Facility rent ($3,800) 3,800 Insurance ($2,600) 2,600 Miscellaneous ($800 + $0.109) 3,300 Total expense 71,550 Net operating income $ 33,450 In July, 26,000 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) 26,000 Revenue ($4.209) $109,200 Expenses: Raw materials ($1.909) 49,400 Wages and salaries ($6,100+ $0.209) 11,300 Utilities ($2,000 + $0.059) 3,300 Facility rent ($3,800) 3,800 Insurance ($2,600) 2,600 Miscellaneous ($800 + $0.109) 3,400 Total expense 73,800 Net operating income $ 35,400 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.)