Flight Caf is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The companys planning budget for July appears below:

In July, 24,000 meals were actually served. The companys flexible budget for this level of activity appears below:

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) 23,000 $89,700 Expenses Raw materials ($2.00q) Wages and salaries ($6,300+$0.20q) Utilities ($2,100 $0.05q) Facility rent ($3,700) Insurance ($2,200) Miscellaneous ($800+$0.10q) 46,000 10,900 3,250 3,700 2,200 3,100 Total expense 69,150 Net operating income $ 20,550 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 ($3.90q) 24,000 $93,600 Expenses Raw materials ($2.00q) Wages and salaries ($6,300$0.20q) Utilities ($2,100 $0.05q) Facility rent ($3,700) Insurance ($2,200) Miscellaneous ($800 $0.10q) 48,000 11,100 3,300 3,700 2,200 3,200 Total expense 71,500 Net operating income $22,100