The restaurant at the Hotel Galaxy offers two choices for breaklast an all-you-can-eat buffet and an a la carte option, where diners can order from the menu. The buffet option has a budgeted meal price of $44. The a la carte option has a budgeted sverage price of $33 for a meal. The restaurant manager expects that 40 percent of its diners will order the buiflet option. The buffet option has a budgeted variable cost of $24 and the a la carte option averages $19 per meal in budgeted variable cost. The manager estimates that 2,600 people will order a meal in any month. For July, the restaurant served a total of 2,400 meals, including 940 buffet options. Total revenues were $42,300 for buffet meals and $52,560 for the a la carte meals. Required: a. Compute the activity variance for the restaurant for July. b. Compute the mix and quantity variances for July. Complete this question by entering your answers in the tabs below. Compute the activity variance for the restaurant for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting "F" for favorable, or "U" for unfavorable. If there is no effect, do not select either option.) Exercise 77.28 (Algo) Sales Mix and Quantity Varlances (L.0 77-4) The resteurant at the Hotel Galary offers two choices for breakfost an allyou can eat buffet and an a to carte option, where diners can order trom the menu. The buffet option has a budgeted meal price of 344 . The a la care option has a budgeted tverage price of $33 for a meal. The restaurant manager expects that 40 percent of ts diners wall order the buttet option. The buffet option has a budgeted variable cost of 524 and the a la cante opson overages 519 per meal in budgeted variable cost. The manager estimates that 2.600 people will order a meal in any month. For July, the restaurant served a total of 2,400 meak, including 940 buffet options. Total revenues were $42.300 for buffet meals and $52,560 for the a la carte meals. Required: 3. Compute the activity variance for the restaurant for July. b. Compute the mik and quantity variances for July. Complete this question by entering your answers in the tabs below. Compute the mix and quantity variances for July. (Do not round intermediate calculations. Indicate the effect of each variance by selecting " F " for favorable, or "U" for unfavorable. If there is no effect, do not select either option.)