EXERCISE 9-2 Prepare a Report Showing Activity Variances [LO9-2] Flight Cafe is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company's planning budget for July appears below: Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) . . . . . . .. . 18,000 Revenue ($4.50q) ..... . $81,000 Expenses: Raw materials ($2.40q) . . . . 43,200 Wages and salaries ($5,200 + $0.30q) 10,600 Utilities ($2,400 + $0.05q) . . . . . . . . 3,300 Facility rent ($4,300) . 4,300 Insurance ($2,300) 2,300 Miscellaneous ($680 + $0.10q) 2,480 Total expense . .. . .. 66,180 Net operating income $14,820