Ingredients expense $ 1.25 Salaries and wages expense $ 7,000 $ 8.00 Franchise fee $ 0.25 Credit card processing fees $ 0.09 Utilities expense $ 300 $ 0.02 Rent expense $ 3,000 Equipment depreciation expense $ 1,750 ices Annie's Homemade Ice Cream is preparing a planning budget for August. Its budgeted revenue per serving is $5.00. It has identified two cost drivers-number of servings and number of labor-hours. The company expects to sell 10.800 servings and to staff 700 employee labor-hours in August. Data concerning the company's cost formulas are shown below: Other expenses $ 4,260 In August, the company actually sold 11,200 servings of ice cream and staffed 780 employee labor-hours. It's budgeted revenue per serving is $5.00. Required: Calculate the activity variances for August. Note: Indicate the effect of each valance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (I.e., zero verlance). Input all amounts as positive values. Flexible Budget Planning Budget Activity Variances Servings Labor-hours Revenue Expenses: Ingredients expense Salaries and wages expense Franchise fee Credit card processing fees Utilities expense Rent expense Equipment depreciation expense Other expenses Total expense Net operating income