Question: Type or paste question here Flight Cafe prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget

Type or paste question here Flight Cafe prepares in-flight meals for airlinesType or paste question here

Flight Cafe 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 Caf Planning Budget For the Month Ended July 31 Budgeted meals (9) 21,000 Revenue ($3.809) $79,800 Expenses: Raw materials ($1.909) 39,900 Wages and salaries ($6,00 + $0.209) 10,200 Utilities ($1,900 + $0.059) 2,950 Facility rent ($3,200) 3,200 Insurance ($2,400) 2,400 Miscellaneous ($600 + $0.189) 2,700 Total expense 61,350 Net operating income $18,450 In July, 22,000 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 Budgeted meals (q) 22,000 Revenue ($3.809) $83,600 Expenses: Raw materials ($1.909) 41,800 Wages and salaries ($6,000+ $0.209) 10,400 Utilities ($1,900 + $0.059) 3,000 Facility rent ($3,200) 3,200 Insurance ($2,400) 2,400 Miscellaneous ($600 + $0.189) 2,800 Total expense 63,600 Net operating income $20,000 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 i.e., zero variance). Input all amounts as positive values.) Flight Caf Activity Variances For the Month Ended July 31 Revenue Expenses: Raw materials Wages and salaries Utilities

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