Flight Caf 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 Caf Planning Budget For the Month Ended July 31 Budgeted meals (g) 23,000 98.900 Revenue ($4.30 Expenses 46,000 Raw materials (S2.009) 11,000 Wages and salaries (S6.400 $0.20g) 3.150 es ($2.000 t $0.05 Facility rent ($3,800) 3,800 Insurance ($2,200) 2,200 Miscellaneous ($500 $0 2.800 68,950 Total expense Net operating income 29.950 In July, 24,000 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 (g) 24,000 103,200 Revenue ($4.309) Expenses 48,000 Raw materials (S2.009) Wages and salaries (S6.400 $0.20g) 11,200 3.200 es ($2.000 t $0.05 Facility rent ($3,800) 3,800 Insurance ($2,200) 2,200 Miscellaneous ($500 $0 2,900 Total expense 71,300 S31,900 Net operating income