Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The company's planning budget for May appears below. Puget Sound Divers Planning Budget For the Month Ended May 31 Budgeted diving-hours (q) Revenue ($410.009) Expenses: Wages and salaries ($11,300 + $126.009) Supplies ($5.00q) Equipment rental ($2,200 +$23.00q) Insurance ($4,100) Miscellaneous ($510 + $1.46q) Total expense Net operating income 350 $143,500 55,400 1,750 10,250 4,100 1,021 72,521 $ 70,979 During May, the company's actual activity was 340 diving-hours. Required: Prepare a flexible budget for May. (Round your answers to the nearest whole number.) Puget Sound Divers Flexible Budget For the Month Ended May 31 Revenue Expenses: Wages and salaries Supplies Equipment rental Insurance Miscellaneous Total expense Net operating Income 0 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 (9) Revenue ($4.40q) Expenses: Raw materials ($2.209) Wages and salaries ($6,100 + $0.20q) Utilities ($2,200 + $0.05q) Facility rent ($3,100) Insurance ($2,200) Riscellaneous ($900 +$0.10) Total expense Net operating income 23,000 $101,200 50,600 10,700 3,350 3,100 2,200 3,200 73,150 $28,050 In July, 24,000 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 Budgeted meals (q) Revenue ($4.48q) Expenses: Raw materials ($2.20q) Mages and salaries ($6,100+ $0.20) Utilities ($2,200 + $0.05) Facility rent ($3,100) Insurance ($2,200) Miscellaneous ($900 + $0.10) Total expense Net operating income Required: 24,000 $105,600 52,800 10,900 3,400 3,100 2,200 3,300 75,700 $ 29,900 1. Calculate the company's activity variances for July. (Indicate the effect of each variance by selecting "P" for favorable, "U" for unfavorable, and "None" for no effect (ie., zero variance). Input all amounts as positive values.) Revenue Expenses: Raw materials Flight Caf Activity Variances For the Month Ended July 31 Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expense Net operating Income