Help Save & CH Flight Caf 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 $ 121,500 56:25 Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($4.500) Expenses: Raw materials ($2.009) Wages and salaries ($6,400 + $0.209) Utilities ($2,100 + $0.059) Facility rent ($3,800) Insurance ($2,600) Miscellaneous ($800 + $0.109) Total expense Net operating income 54,000 11,800 3,450 3,800 2,600 3,500 79, 150 $ 42,350 ht NE ences In July, 28,000 meals were actually served. The company's flexible budget for this level of activity appears below: 28,000 $ 126,000 Flight Cato Flexible Budget Tot the Month Ended July 31 Budgeted meals (9) Revenue ($4.509) Expenses Raw materials ($2.009) Wages and salaries (56,400+ $0.209) Utilities ($2,100 + $0.059) Facility rent ($3,800) Insurance ($2,600) Miscellaneous (5800 + $0.109) Total expense Not operating income 56.000 12.000 3,500 3,800 2,600 3,600 81,500 5.44,500 Net operating income Required: 1. Calculate the company's activity variances for July. (Indicate the effect of each varianc unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive Flight Caf 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 Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area, The company's planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (9) 300 Ravenue ($470.009) $ 141,000 Expenses Wages and salaries ($11,700 + $124.009) 48,900 Supplies ($5.009) 1,500 Equipment rental ($2,300 - $22.009) 8,900 Insurance ($4,200) 4,200 Miscellaneous ($520 + $1.44) Total expense 64,452 Net operating income $ 76,548 During May, the company's actual activity was 290 diving hours Required: Prepare a flexible budget for May (Round your answers to the nearest whole number.) 952 Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses Wages and salaries Prey 1 of 5 Next > 20