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appears below: In July, 28,000 meals were actually served. The company's flexible budget for this Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "F" for favorable, "U" unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.) What is a flexible budget and how does it differ from a static planning budget