Mes TIS NILIIN TULOLU LICALI GIOCOI ON PUIG THE Lumpany piany wouyeur July appears below: 30,000 $ 135,000 Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($4.509) Expenses : Raw materials ($1.909) Wages and salaries ($6,100 + $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,000) Insurance ($2,900) Miscellaneous ($500 + $0.109) Total expense Net operating income 57,000 12,100 3,500 3,000 2,900 3,500 82,000 $ 53,000 In July, 31,000 meals were actually served. The company's flexible budget for this level of activity appears below: 31,000 $ 139,500 Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) Revenue ($4.500) Expenses: Raw materials ($1.909) Wages and salaries ($6,100+ $0.209) Utilities ($2,000 + $0.059) Facility rent ($3,000) Insurance ($2,900) Miscellaneous ($500 + $0.109) Total expense Net Atina in 58,900 12,300 3,550 3,000 2.900 3,600 84,250 $ 55.250 Insurance ($2,900) Miscellaneous ($500 + $0.109) Total expense Net operating income 2,900 3,600 84,250 $ 55, 250 Required: 1. Calculate the company's activity variances for July (Indicate the effect of each variance by unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive valu 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