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 Duly 31 Budgeted meals (9) 29,000 Revenue (53.989) $113,100 Expenses: Raw materials ($2.209) 63,Bee Wages and salaries (56,400.50.289) 12,200 Utilities ($2,000+ $0.859) 3,450 Facility rent ($3,500) 3,500 Insurance ($2,300) Miscellaneous ($300 + $0.109) 3,200 Total expense 88.450 Net operating Income $ 24,650 ces In July 30,000 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 seals (a) 30,000 5117,000 Revenue (53.909) Expenses: Raw materials (52.209) 06.000 In July 30,000 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) 30,000 Revenue (53.909) $117.000 Expenses: Raw materials ($2.209) 66,600 Wages and salaries ($6,400+ $0.289) Utilities ($2,000 + $0.059) 3,500 Facility rent (53,500) 3,500 Insurance ($2,300) 2,380 Miscellaneous ($300 + $0.100) Total expense Met operating Income 26,000 OK 12,400 ant 3,200 91,00 ences 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 (ie, zero variance), Input all amounts as positive values.) Flight Cats Activity Variances For the Month Ended July 31 Revenue Expenses