Light Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The companys planning budget for July appears below: Calculate

Light Café prepares in-flight meals for airlines in its kitchen located next to a local airport. The company’s planning budget for July appears below: 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 Planning Budget For the Month Ended July 31 Budgeted meals (q) 24,000 Revenue ($4.40q) $105,600 Expenses: Raw materials ($2.10q) Wages and salaries ($6,300 + $0.20q) Utilities ($2,100 + $0.05q) Facility rent ($3,300) Insurance ($2,800) Miscellaneous ($600 + $0.10q) Total expense 50,400 11,100 3,300 3,300 2,800 3,000 73,900 Net operating income $ 31,700