Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (g) 22,000 Revenue ( $4. 309) Expenses: $94, 600 Raw materials ($2.30g) Wages and salaries ($6,200 $0.20q) Utilities ($2,000$0.05q) Facility rent 3,600) Insurance ($2,600) Miscellaneous ($600+ $0.10q) 50,600 10,600 3,100 3, 600 2,600 2.800 73,300 $21,300 Total expense Net operating income In July, 23,000 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 Budgeted meals (g) 23,000 Revenue ( $4. 309) Expenses: $98,900 Raw materials ($2.30g) Wages and salaries ($6,200+ $0.20g) Utilities ($2,000$0.05q) Facility rent 3,600) Insurance ($2,600) Miscellaneous ($600+ $0.10q) 52,900 10,800 3,150 3,600 2,600 2,900 75,950 $22, 950 Total expense Net operating income