In July, 27,000 actually meals were served. The company's flexible budget for this level of activity appears below Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) 27,000 $118,800 51,300 11,900 Revenue ($4.40q) Expenses: Raw materials ($1.90q Wages and salaries ($6,500+ $0.20q) Utilities ($2,100$0.05q) Facility rent ($3,700) Insurance ($2,300) Miscellaneous ($700 $0.10q) 3,450 3,700 2,300 3,400 76,050 $ 42,7560 Total expense Net operating income 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.) 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