Planning Budget For the Month Ended July 31 Budgeted meals (g) Revenue ($4.30q) Expenses: Raw materials ($1.909) Wages and salaries ($6,500 + $0.20q) Utilities ($2,100 + $0.05q) Budgeted meals (q) Revenue ($4.30g) Facility rent ($3,800) Insurance ($2,300) Miscellaneous ($300 + $0.10q) Total expense Net operating income In July, 23,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf 4 Flexible Budget For the Month Ended July 31 Expenses: Raw materials ($1.90q) Wages and salaries ($6,500+ $0.20g) Utilities ($2,100 + $0.059) 22,000 $ 94,600 Facility rent ($3,800) Insurance ($2,300) Miscellaneous ($300 + $0.109) Total expense Net operating income 41,800 10,900 3,200 3,800 2,300 2,500 64,500 $ 30,100 23,000 $ 98,900 43,700 11,100 3,250 3,800 2,300 2,600 66,750 $ 32,150 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