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: Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 27.000 Revenue (53.909) $105,300 Expenses Raw materials ($1.909) 51,300 Wages and salaries (56,500 + $0.209) 11,900 Utilities ($2,000 $0.05) 3,350 Facility rent ($3,500) 3,500 Insurance ($2,600) 2,600 Miscellaneous (5800 $0.109) 3.560 Total expense 76,150 Net operating Incone $ 29,150 In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 28,000 Revenue ($3.909) $109,200 Expenses : Raw materials ($1.989) 53,200 Wages and salaries ($6,500+ $0.209) 12,100 Utilities ($2,000 + $0.059) 3,400 Facility rent ($3,500) 3,500 Insurance ($2,600) 2,600 Miscellaneous ($800 + $0.109) 3,600 Total expense 78,400 Net operating income $ 30,800 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 os positive values.) Flight Cafe Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salanes Utilities Facility rent Insurance Miscellaneous Total expense Not operating income