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Flight Cafe prepares in-fight meals for airlines in...

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Accounting

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Flight Cafe prepares in-fight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: In 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. (Indicate the effect of each variance by selecting "F" for favorable, " U " for unfovorable, and "None" for no effect (i.e, zero variance). Input all amounts as positive values.)

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