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 Cafe Planning Budget For the Month Ended July 31 Budgeted meals (9) 21,000 Revenue ($4.109) $86, 100 Expenses: Raw materials (51.909) 39,900 Mages and salaries ($6,400 + $0.289) 10,600 Utilities (52, 180 + $0.059) 3,150 Facility rent ($3,900) 3,900 Insurance ($2,000) 2,000 Miscellaneous ($400 + $0.109) 2,500 Total expense 62,050 Net operating income $24,050 In July 22,000 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 (a) 22.000 Revenue ($4.100) $90,200 Expenses Raw materials (51.909) 41,300 Wages and salaries (50,40050.209) 10,800 utilities (52.100 - 50.059) 3,200 Facility rent ($3,900) 3,900 Insurance 12.000 2.300 In July, 22,000 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 neals (9) 22,000 Revenue (54.100) $90, 200 Expenses: Raw materials ($1.909) 41, 800 Wages and salaries ($6,400+ $0.209) 10, 800 utilities ($2,100 + $0.059) 3,200 Facility rent ($3,900) 3,900 Insurance ($2,000) 2,000 Miscellaneous ($400 + $0.109) 2,600 Total expense 64,300 Net operating income $25,900 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 Caf Activity Variances For the Month Ended July 31 Revenue Expenses . Raw matenals Wages and salaries wo 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 Call 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