Flight Caf prepares in-flight meals for alrlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 22,000 $90,200 Revenue ($4.109) Expenses: Raw materials ($2.009) Hages and salaries ($6,300 + $0.209) Utilities ($1,900 + $0.059) Facility rent ($3,600) Insurance ($2,400) Miscellaneous ($400 + $0.109) Total expense Net operating income 44,000 10,700 3,000 3,600 2,400 2,600 66,300 $23,900 In July, 23,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Plexible Budget For the Month Ended July 31 Budgeted meals (9) 23,000 $94,300 Revenue ($4.109) Expenses Raw materials ($2.009) Wages and salaries ($6,300+ $0.209) Utilities ($1,900 + $0.059) Facility rent ($3,600) Insurance ($2,400) Miscellaneous ($400 + $0.109) Total expenne 46,000 10,900 3,050 3,600 2,400 2.700 68,650 Che Raw materials ($2.009) Wages and salaries ($6,300+ $0.209) Utilities ($1,900 + $0.05g) Facility rent ($3,600) Insurance ($2,400) Miscellaneous ($400 + $0.109) Total expense Net operating income 46,000 10,900 3,050 3,600 2,400 2,700 68,650 $25,650 Required: 1. Calculate the company's activity variances for July (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (l.e., zero variance). Input all amounts as positive values.) Flight Cafe 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