Flight Care prepares in-tight mesls for sinines in its kitchen located next to a local sirport. The company's planning budget for July appears below Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (4) $317.66 Revenue ($4.20) Expenses: Rawaterials (52.10) Wages and salaries (5,000+ $0.20) Utilities (51,9a + $8.50) Facility rent (53.16) Insurance (52,00) Miscellaneous (+ $0.16) Total expense Net operating income 58. 11.ee 3.ee 3.100 2. 3.18 In July, 20.000 mesls were actually served. The company's flexble budget for this level of activity appears below Flight Care Flexible Budget For the Month Ended uly 3 Budgeted meals (4) Revenue ($4.2001 $121, Expenses: Raw waterials ($2.109) 50.000 wages and salaries (55, $.24) Utilities (51,9a + $8.50) 3.se Facility rant ($3,16) 3.100 Insurance (52,90a) 2.100 Miscellaneous ($330 + $0.100) Total expense Net operating income 36,55 3.28 Required: 1. Calculate the company's sctivity 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.) Flight Cafe Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Viages and salaries ties Facilityront Insurance Miscellaneous Total expense Not operating income