Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: Flight...

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Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 311 Budgeted meals (a) 25,000 Revenue ($4.10q) Expenses: Raw materials ($2.209) Wages and salaries ($6,400 +$0.209) Utilities ($1,900 + $0.059) Facility rent ($3,800) Insurance ($2,200) - Miscellaneous ($700 +$0.109) Total expenses Net operating income $ 102,500 55,000 11,400 3,150 3,800 2,200 3,200 78,750 $ 23,750 In July, 26,000 meals were actually served. The company's flexible budget for this level of activity appears below: Budgeted meals (q) Revenue ($4.10q) Expenses: Flight Caf Flexible Budget For the Month Ended July 31 Raw materials ($2.209) Wages and salaries ($6,400+ $0.209) Utilities ($1,900 +$0.059) Facility rent ($3,800) Insurance ($2,200) Miscellaneous ($700 + Total expenses. Net operating income $0.109) 26,000 $ 106,600 57,200 11,600 3,200 3,800 2,2001 ,300 81,300 $ 25,300 Required: 1. Calculate the company's activity variances for July. Note: 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. Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income. Flight Caf Activity Variances For the Month Ended July 31 Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 311 Budgeted meals (a) 25,000 Revenue ($4.10q) Expenses: Raw materials ($2.209) Wages and salaries ($6,400 +$0.209) Utilities ($1,900 + $0.059) Facility rent ($3,800) Insurance ($2,200) - Miscellaneous ($700 +$0.109) Total expenses Net operating income $ 102,500 55,000 11,400 3,150 3,800 2,200 3,200 78,750 $ 23,750 In July, 26,000 meals were actually served. The company's flexible budget for this level of activity appears below: Budgeted meals (q) Revenue ($4.10q) Expenses: Flight Caf Flexible Budget For the Month Ended July 31 Raw materials ($2.209) Wages and salaries ($6,400+ $0.209) Utilities ($1,900 +$0.059) Facility rent ($3,800) Insurance ($2,200) Miscellaneous ($700 + Total expenses. Net operating income $0.109) 26,000 $ 106,600 57,200 11,600 3,200 3,800 2,2001 ,300 81,300 $ 25,300 Required: 1. Calculate the company's activity variances for July. Note: 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. Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income. Flight Caf Activity Variances For the Month Ended July 31