Budgeted meals (a) Revenue ($3.80g) Expenses: Raw materials ($1.909) Wages and salaries ($6,100 $0.20g) Utilities ($1,800 + $0.05g) Facility rent ($3,900) Insurance ($2,700) Miscellaneous ($300 + $0.10g) Total expense Net operating income Budgeted meals (q). Revenue ($3.80g) In July, 30,000 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 Expenses: Raw materials ($1.909). Wages and salaries ($6,100+ $0.20g) Utilities ($1,800+ $0.05g) Facility rent ($3,900) Insurance ($2,700) 29,000 $ 110,200 Miscellaneous ($300 $0.10g) Total expense Net operating income 55,100 11,900 3,250 3,900 2,700 3,200 80,050 $ 30,150 30,000 $ 114,000 57,000 12,100 3,300 3,900 2,700 3,300 82,300 $ 31,700 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.)