The first two pictures go with each other and the 3rd and 4th go wirh each other

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) 28.000 $106,400 Revenue ($3.884) Expenses: Raw materials (52.109) Wages and salaries ($6,300 + $0.289) Utilities (52,000 + $0.059) Facility rent ($3,200) Insurance (52,600) Miscellaneous (5900 - 50.109) Total expense Net operating Income 58,800 11,900 3,400 3,200 2,600 3.700 B3,600 $ 22,800 In July, 29,000 meals were actually served. The company's flexible budget for this level of activity appears below. Flight Cafe Flexible Budget For the Month Ended July 31 Budgeted meals (9) 29,000 Revenue (53.100) $110,200 Expenses Raw materials (52.109) 60,900 aces and salaries (56,300+ 56.209) 12,100 Utilities ($2,000 - 50.054) 3,450 Facility rent (5),200) 3,200 Insurance (52,600) 2,600 Miscellaneous (5000 50.100) 2100 Total expense NGO50 Net operating income $ 24,150 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.e., zero variance). Input all amounts as positive values.) Flight Cafe 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 Vulcan Flyovers offers scenic overflights of Mount St. Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below Vulcan Flyovers Operating Data For the Month Ended July 31 Actual Flexible Planning Results Budget Budget 53 53 51 Flights (9) Revenue ($345.689) Expenses Wages and salaries (53,500 590.00) Fuel (533.089) Airport fees ($830 + $33,009) Aircraft depreciation ($10.000) Office expenses ($230 + $1.009) Total expense Net operating income $ 16,400 $ 18,285 $ 17,595 8,230 8,270 8,090 1,913 1,749 1,683 2,464 2,579 2,513 530 510 451 283 13,588 13,411 13,072 $ 2,812 $ 4,874 $ 4,518 530 281 The company measures its activity in terms of flights. Customers can buy Individual tickets for overflights or hire an entire plane for an overflight at a discount The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount Required: 1. Prepare a flexible budget performance report for July that includes revenue and spending variances and activity variances. (Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (l.e.. zero variance). Input all amounts as positive values.) Vulcan Flyovers Flexible Budget Performance Report For the Month Ended July 31 Flexible Budget Actual Results Flights Planning Budget 51 53 53 $ 16,400 18,285 $ 17,505 8,090 1,683 Revenue Expenses Wages and salaries Fuel Airport foes Aircraft depreciation Office expenses Total expense Net operating income 8.230 1,913 2464 530 451 13,5881 2.812 8.270 1,749 2,579 530 2,513 510 283 281 13,077 $ 13.411 4,874 $ 5 4,518