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If I may have assistance in completing this assignment and how you found the answer. Flight Cafe is a company that prepares in-ight meals for

If I may have assistance in completing this assignment and how you found the answer.

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Flight Cafe is a company that prepares in-ight meals for airlines in its kitchen located next to the local airport. The company's planning budget for July appears below: Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) 28,000 Revenue ($4.20q) $ 117'600 Expenses: Raw materials ($2.20q) 61,600 Wages and salaries ($6,300 + $0.20q) 11,900 Utilities ($1,800 + $0.05q) 3,200 Facility rent ($3,700) 3,700 Insurance ($2,300) 2,300 Miscellaneous ($800 + $0.10q) 3,600 Total expense 86,300 Net operating income $ 31,300 In July, 29,000 meals were actually served. The company's exible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) 29,000 Revenue ($4.20q) $ 121'800 Expenses: Raw materials ($2.20q) 63,800 Wages and salaries ($6,300 + $0.20q) 12,100 Utilities ($1,800 + $0.05q) 3,250 Facility rent ($3,700) 3,700 Insurance ($2,300) 2,300 Miscellaneous ($800 + $0.10q) 3,700 Total expense 88,850 Net operating income $ 32,950 Required: 1. Compute 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.) Revenue Expenses: Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating income

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