Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 30,000 $126,000 Revenue (54.209) Expenses: Raw materials ($2.009) Wages and salaries ($6,100 + $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,700) Insurance ($2,900) Miscellaneous (5800 + $0.109) Total expense Net operating income 60,000 12,100 3,500 3,700 2,900 3,800 86,000 $ 40,000 In July, 31,000 meals were actually served. The company's flexible budget for this level of activity appears below: 31.000 $130,200 Plight Care Flexible Budget For the Month Ended July 31 Budgeted meals (9) Revenue (54.209) Expenses: Raw materials (52.000) Wages and salaries (56,100+ $0.20g) Utilities ($2,000 + 50.059) Facility rent ($3,700) Insurance ($2.900) Miscellaneous (5800 + 30.109) Total expense Net operating income 62.000 12.300 3,550 3,700 2.900 3,900 38.350 $41,850 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 (1.e., zero variance). Input all amounts as positive values.) Flight Caf 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