Li5 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: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (g) Revenue ($4.20g) Expenses: Raw materials ($2.00g) Budgeted meals (g) Revenue ($4.20g) Wages and salaries ($6,200 + $0.20g) Utilities ($1,800 + $0.05g) Facility rent ($3,400) Insurance ($2,900) Miscellaneous ($600 + $0.10g) Total expense Net operating income In July, 31,000 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 ($2.00g) Wages and salaries ($6,200+ $0.20g) Utilities ($1,800 + $0.05g) Facility rent ($3,400) Insurance ($2,900) 30,000 $ 126,000 Miscellaneous ($600 + $0.10g) Total expense Net operating income 60,000 12,200 3,300 3,400 2,900 3,600 85,400 $ 40,600 31,000 $ 130,200 62,000 12,400 3,350 3,400 2,900 3,700 87,750 $ 42,450

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: In July, 31,000 meals were actually served. The company's flexible budget for this level of activity appears below: 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.)