Flight Caf prepares in-fight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below Planning Budget 18,000 ok Revenue ($4.50g) Expenses: $81,000 Raw materials ($2.40g) Wages and salaries ($s,200$0.30g) Utilities ($2,400$0.05g) Facility rent ($4,300) Insurance ($2,300) Misce1laneous ($680$0.10g) 43,200 10,600 3,300 4,300 2,300 2,480 66,180 $14,820 Total expense Net operating income In July, 17,800 actually meals were served. The company's flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 17,800 Revenue ($4.50g) $80,100 Prev 1 of 2 ??? Next >