Exercise $9-2($Algo$)$ Activity Variances $[$LO$9-2]$

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:

In July, $29,000$ meals were actually served. The company's flexible budget for this level of activity appears below:

Flight Caf$$

Flexible Budget

For the Month Ended July $31$

Required:

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.

Flight Caf$$

Activity Variances

For the Month Ended July $31$