Flight Cofe prepares in-tight meais for airlines in its kachen located next to a locol airport. The company's planning budget for July appeais below In July 23.000 meals were actually served The company's flexible budget for this lovel of activity appears below: Required: 1 Calculate the company's activity vaniances 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.) Required: 1. Caiculate 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 (l.e, zero variance). Input all amounts as positive values.)