Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.009) Expenses: Raw materials ($1.98q) Wages and salaries ($6,200 + $0.20q) Utilities ($1,800 + $0.05q) Facility rent ($3,700) Insurance ($2,300) Miscellaneous ($600 + $0.189) Total expenses Net operating income 28,000 $ 112,000 53,200 11,808 3,200 3,700 2,300 3,400 77,680 $ 34,400 In July, 29,000 meals were actually served. The company's flexible budget for this level of activity appears below: Budgeted meals (q) Revenue ($4.009) Expenses: Flight Cafe Flexible Budget For the Month Ended July 31 Raw materials ($1.909) Wages and salaries ($6,200+ $0.20q) Utilities ($1,800 + $0.059) Facility rent ($3,700) Insurance ($2,300) Miscellaneous ($600 + $0.189) Total expenses Net operating income Required: 1. Calculate the company's activity variances for July. 29,000 $ 116,200 55,100 12,000 3,258 3,700 2,300 3,500 79,850 $ 36,158 B Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (Le., zero varlance). Input all amounts as positive values. Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income Flight Caf Activity Variances For the Month Ended July 31