Flight Café Flexible Budget For the Month Ended July 31 Budgeted meals (g) Revenue ($4.50g) Expenses: Raw materials ($2.40g) Wages and salaries ($5,200+ $0.30g) Utilities ($2,400 + $0.05g) Facility rent ($4,300) Insurance ($2,300) Miscellaneous ($680 + $0.10g) Total expenses Net operating income Required: Calculate the company's activity variances for July. 17,800 $ 80,100 42,720 10.540 3,290 4,300 2,300 2,460 65,610 $ 14,490 Note: Indicate the effect of each varlance by selecting "F" for favorable, "U" for unfavo "None" for no effect (l.e., zero variance). Input all amounts as positive values. Flight Café Activity Variances For the Month Ended July 31 Revenue Expenses Raw materials Wages and salaries Utilities Facility rent Insurance Miscellaneous Total expenses Net operating income S 81.000 U 43,200 F 10,600 F 3 F None None

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