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 belovw Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (g) Revenue ($4.40q) Expenses 23,000 $101,200 Raw materials ($2.00q) Wages and salaries ($6,300 S0.20q) Utilities ($1,800 S0.05q) Facility rent ($3,700) Insurance ($2,600) Miscellaneous ($800+$0.10g) 46,000 10,900 2,950 3,700 2,600 3,100 Total expense Net operating income $ 31,950 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 (q) Revenue ($4.40q) Expenses 24,000 $105,600 Raw materials ($2.00q) Wages and salaries ($6,300 + S0.20q) Utilities ($1,800S0.05q) Facility rent ($3,700) Insurance ($2,600) Miscellaneous ($800$0.10q) 48,000 11,100 3,000 3,700 2,600 3,200 71.600 34,000 Total expense Net operating income