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 (q) Revenue ($3.90q) Expenses 24,000 $93,600 Raw materials ($2.10q) Wages and salaries ($6,300S0.20q) Utilities ($1,800$0.05q) Facility rent ($3,300) Insurance ($2,800) Miscellaneous ($800 S0.10q) 50,400 11,100 3,000 3,300 2,800 3,200 Total expense Net operating income $ 19,800 In July, 25,000 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 ($3.90q) Expenses 25,000 $ 97,500 Raw materials ($2.10q) Wages and salaries ($6,300$0.20q) Utilities ($1,800$0.05q) Facility rent ($3,300) Insurance ($2,800) Miscellaneous ($800S0.10q) 52.500 11,300 3,050 3,300 2,800 3,300 Total expense Net operating income S 21,250