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: Y CREE planning thidget For the Month Foded Gulyan Mudgated meal (9) 21,000 Revenge ($4.500) $94,500 Expenses Raw materials ($2.109) 44,100 Nages and salarios (16,400 + $0.209) 10,600 Utilities ($1,800 + $0.059) 2,850 Facility rent $3,200) 3,200 Tekurance ($2,300) 2,300 Miscellaneous ($300 + $0.100) 2,400 Total expense 65,450 Het operating income 029,050 In July, 22,000 meals were actually served. The company's flexible budget for this level of activity appears below. Plight Card Flexible budget For the Month Unded: July 31 Budgeted meals (0) 22,000 $99.000 Ravenue ($4.500) Expenses Raw materials ($2.100) Wages and salaries (56,400+ $0.200) Utilities ($1,000+ $0.059) Facility rent ($3,200) Insurance ($2,300) Miscellaneous ($300 + $0.100) Total expense Net operating Income 46,200 10,800 2,900 3,200 2,300 2.500 67,900 $31,100 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 (l.e, zero variance). Input all amounts as positive values.) Activity Vacances Revenue Expenses : Raw materials Wages and salarios Us Facility rent Insurance Miscellaneous Total expense Net operating income