Flight Cafe prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below. 27.000 $11,00 Flight Cafe Planning Budget For the oth Ended July 31 Budgeted meals (a) Revenue (54.2003 Expenses Raw materials (51.90) Wages and salaries ($6.200+ $0.20) Utilities (51,900 $0.00) Facility rent (13400) Insurance (52.600) Miscellaneous (5400+ 0.100) Total en Met rating Income 51,300 11.50 3.250 3,400 2,600 $1,150 In July 28.000 meals were actually served. The company's flexible budget for this level of activity appears below. Ft Cafe este get Bortedals (a) 28.000 Expenses 53,200 11.10 3.10 2.600 2.500 ut perating Required 1 Calculate the company's activity variances for July indicate the effect of each variance by selecting for favorable, "U" for o BH DOLL F2 F3 F4 F5 F6 E7 FB F9 $ 2 % 3 4 I & 5 6 7 B. mework 53,200 11,300 3.30 3,400 Raw materials (51.909) ages and salaries (56,200+ $0.00) utilities (51,900 + $0.05) Facility rent ($3,400) Insurance (52,600) Miscellaneous (5400 + 50.100) Total expense Net operating income 2. 3200 $ 48,100 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 effectie, zero variance). Input all amounts os positive values.) Flight Calle Activy Variances For the Month Ended July 31 Revenge Expenses Raw Wages and tries Facility rent Miscelaneous Nel pering income O DELL F3 F4 F5 F6 F7 F8 FO