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) Revenue ($4.10q) Expenses: Raw materials ($2.209) Wages and salaries ($6,300 + $0.209) Utilities ($1,800 + $0.059) Facility rent ($3,100) Insurance ($2,400) Miscellaneous ($600 + $0.10q) Total expense Net operating income 23,000 $ 94,300 50,600 10,900 2,950 3,100 2,400 2,900 72,850 $ 21,450 In July, 24,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget Budgeted meals (q) Revenue ($4.10g) Expenses: For the Month Ended July 31 Raw materials ($2.209) Wages and salaries ($6,300+ $0.209) Utilities ($1,800 + $0.059) Facility rent ($3,100) Insurance ($2,400) Miscellaneous ($600 + $0.109) Total expense Net operating income Required: 1. Calculate the company's activity variances for July. 24,000 $ 98,400 52,800 11,100 3,000 3,100 2,400 3,000 75,400 $ 23,000 Required: 1. Calculate the company's activity variances for July. 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