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

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Accounting

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 31 Budgeted meals (q) 22,000 Revenue ($4.50q) $ 99,000 Expenses: Raw materials ($2.10q) 46,200 Wages and salaries ($6,300 + $0.20q) 10,700 Utilities ($2,100 + $0.05q) 3,200 Facility rent ($3,500) 3,500 Insurance ($2,300) 2,300 Miscellaneous ($900 + $0.10q) 3,100 Total expenses 69,000 Net operating income $ 30,000 In July, 23,000 meals were actually served. The companys flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) 23,000 Revenue ($4.50q) $ 103,500 Expenses: Raw materials ($2.10q) 48,300 Wages and salaries ($6,300+ $0.

image Flight Caf prepares in-flight meals for airlines and its planning budget for July appears below: n July, 23,000 meals were actually served. The company's flexible budget for this level of activity appears below: 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

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