Flight Cafe prepares in-flight meals for airlines in its kitchen located next to a local alrport. The company's planning budget for July appears below Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 18,000 Revenue (54.500) 581.ee Expenses: Raw materials ($2.469) 43,200 Wages and salaries (55,200 - 50.300) 10,600 Utilities ($2,400 50.059) Facility rent (54,300) 4,300 Insurance ($2,300) 2.300 Miscellaneous (5650 - 50.100) 2,480 Total expense 66,180 Net operating income $14,820 3,30 In July, 17,800 meals were actually served. The company's flexible budget for this level of activity appears below Flight Cafe elathia In July, 17,800 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (9) 17,800 Revenue ($4.589) $80, 100 Expenses: Raw materials ($2.40) 42,720 Wages and salaries ($5,200 + $0.309) 10,540 Utilities ($2,400 + $0.050) 3,290 Facility rent ($4,300) 4,3ee Insurance ($2,300) 2,300 Miscellaneous ($689 + $0.109) 2,460 Total expense 65,610 Net operating income $14,490 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 (i.e., zero variance). Input all amounts as positive values.) 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 (i.e., zero variance). Input all amounts as positive values.) Check my 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 Droit in af 12 958 Miny