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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) Revenue ($3.90q) Expenses: Raw materials ($1.80q) Wages and salaries ($6,300 + $0.20g) Utilities ($1,900 + $0.05q) Facility rent ($3,500) Insurance ($2,500) Miscellaneous ($600 + $0.10q) Total expenses Net operating income Budgeted meals (q) Revenue ($3.90q) 28,000 $ 109,200 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 Expenses: Raw materials ($1.80q) Wages and salaries ($6,300+ $0.20q) Utilities ($1,900 + $0.05q) Facility rent ($3,500) Insurance ($2,500) Miscellaneous ($600 + $0.10q) Total expenses Net operating income 50,400 11,900 3,300 3,500 2,500 3,400 75,000 $ 34,200 29,000 $ 113, 100 52,200 12,100 3,350 3,500 2,500 3,500 77,150 $ 35,950 Required: 1. Calculate the company's activity variances for July. Note: Indicate the effect of each variance by selectina "F" for favorable "U" for unfavorable, and "None" for no effect (i.e

Flight Caf prepares in-flight meals for airlines and its 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: Required: 1. Calculate the company's activity variances for July. Note- Indicnte the effert of ench vnrinnce bu selectina "F" for fnvornhle " U " for unfovornble nnd "None" for no effect li

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