Flight Cate prepares in-flight meals for airlines in its kitchen located next to a local airport. The companys planning budget for July appears below: 30,eee $117,eee Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($3.989) Expenses: Raw materials ($1.909) Wages and salaries ($6,300 + $0.289) Utilities ($2,200 + $0.05) Facility rent ($3,100) Insurance ($2,000) Miscellaneous ($900 + $0.109) Total expense Net operating income 57,600 12,300 3,780 3,100 2, eee 3,900 82,000 $ 35,000 In July, 31000 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 (q) 31,000 Revenue ($3.989) $120,900 Expenses: Raw materials ($1.989) 58,900 Wages and salaries ($6,300+ $0.209) 12,500 Utilities ($2,200 + $0.059) 3,750 Facility rent ($3,100) 3,100 Insurance ($2,000) 2,000 Miscellaneous ($900 + $0.109) 4,000 Total expense 84,250 Net operating income $ 36,650 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.) Flight Cafe 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