Flight Caf prepares in-flight meals for atrlines in its kitchen located next to a local alrport. The company's planning budget for July appears below: 25,000 $187.500 Flight Cafe Planning Budget For the Month Ended: July 31 Budgeted meals (9) Revenue ($4.364) Expenses: Raw materials ($2.289) Wages and salaries ($6,180 + $0.209) Utilities ($2,100 + $e.e59) Facility rent ($2,880) Insurance ($2,180) Miscellaneous ($568 + $0.184) Total expense Net operating income 55,800 11,100 3,350 3. see 2,100 3,000 78,350 $ 29,150 In July, 26,000 meals were actually served. The company's flexible budget for this level of activity appears below. Flight Cate Flexible Budget For the Month Ended July 31 Budgeted meals (9) 26,000 $111. Bee Revenue (54.304) Expenses Raw materials (52.289) Wages and salaries ($6.100+ $0.2003 Utilities ($2,108 + $0.054) Facility rent $3,888) Insurance ($2,10e) Miscellaneous ($500 - 5.14 Total expens Net operating income 57. zee 11, Jee 3, 4ee 3. Bee 2, lee 3. lee Be, ce $38.90 Required: 1. Calculate the company's activity vartances for July, (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect (le, zero vartance). Input all amounts as positive values.) N Flight Cate Activity Vanances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income