Submit 3 Check my work appears below 125 9.00 Thight care Planning Budget For the Month Ended July 31 Budited meats 25,000 Revue (54.500) Expenses Kami (62.000 50.000 cilities (51,900 30.054) Maces and salaries $6.200 50.2001 11,200 3.150 Pality cunt 53,300) 3,300 Torrance (53.600) 3.000 Miscellaneous (5500 - 50.100) 3.000 Total expe Not operating Incote $ 33.5 In July, 26,000 meals were actually served. The company's flexble budget for this level of activity appears below Teight care Textile budget for the Month dedy 33 Budgeted meats (a) 26.000 Herec (14.301 111.00 Rasterials (52.00 57.000 wage and talenter.200+ 10.2001 11.400 ULARI (81.900 50.05) 2,200 Tacility rent (3.300) 3,300 Tance 53,000) 3.000 Miscellaneous (8500 + $0.1607 2.100 Total supe DAD Het operating inco $ 35,00 ME EXICO Help Saveta Submit Check my work 3 TOE expense Het operating income DU 335.000 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 (e.zero variance), Input all amounts as positive values.) 1.25 Det - H Flight Cafe Activity Variances For the Month Ended July 31 Revo Expenses Raw materials Wages and se Us Facility rent Insurance Miscellaneous Total expense Net operating income