Flight Caf sa company that prepares in-flight meals for airlines in its kitchen located next to the local airport the company's planning budget for July appears below: Flight Core Planning Budget For the Month Ended July 31 Budgeted meals Revenue ($3.901 29,000 $ 109.200 Expenses Row materials ($2.2001 Wages and salaries ($6,400 - $0.201 Ut tes ($2,100 - 50.0591 Facility rent ($3700) Insurance $2.6001 Miscellaneous ($700 - $0.100) 61,600 12,000 3,500 3.700 2.600 3,500 Total expense 86,900 $22.300 Net operating income In July, 29.000 meals were actuely served. The company's fled ble budget for this level of activity appears below Flight Cafe Flexible Budget For the Montin Ended July 31 29,000 Budgeted meals (0) Revenue $3.9041 $ 113,100 63,800 12.200 Expenses Raw materials ($2.2001 Wages and salaries ($6,400 - $0.2001 Uites ($2,100 + $0.0591 Facility rent ($3,700 Insurance $2.600 Miscellaneous ($700 - $0.109 3.550 3.700 2.600 3.600 99.450 Total expense Net operating Income $23.650 Required: 1. Compute 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 (Le.. zero variance). Input all amounts as positive values.) Flight Cafe Activity Variance For the Month Ended July 31 Ravenue Econ Raw materials Viages and salaries tes Facilityront Insurance Miscellaneous Total excon Not operating income