3 Check my work Flight Caf 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 s Budgeted meals (q) Revenue ($4.10q) 30,000 $123,000 Expenses: eBook Raw materials ($2.30q) 69,000 Wages and salaries ($6,400 +$0.20q) 12,400 Hint Utilities ($1,900 +$0.05q) 3,400 Print a Facility rent ($3,300) 3,300 Insurance ($2,900) 2,900 References Miscellaneous ($800 $0.10q) 3,800. Total expense 94,800 $ 28,200 Net operating income In July, 31,000 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) Revenue ($4.10q) 31,000 $127,100 Expenses: Raw materials ($2.380) 71,300 Wages and salaries (56,400+ $0.200) 12,600 Utilities ($1,900 $0.050) 3,450 Facility rent ($3,300) 3,300 Insurance ($2,900) 2,900 Miscellaneous (5800 50.10g) Total expense Net operating income 3,900 97,450 $29,650