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: FLCaf Planning Budget For the Month Ended July 31 Budgeted meals (g) Revenue ($4.10q) 29,000 $118,900 Expenses: Raw materials ($2.00g) 58,800 Woges and salaries ($6,000 + 50.20g) 11,800 Utilities ($2,000 50.050) 3,450 Facility rent ($3.600 3,600 Insurance ($2,500) 2,500 Miscellaneous (5700 s0.10q) 3,600 Tutal expense 82,950 $35,950 Net operating income In July, 30,000 meals were actually served. The company's flexible budget for this level of activity appears below. Flight Care Flexible Budget For the Month Ended July 31 Budgeted meals (g) Revenue 154.10g) Expenses: Raw materials ($2.0dal Utilities ($2,000 $0.050). Wages and salaries ($5,000+ 50.200) Facility rent ($3,600) Insurance ($2,500) Miscellaneous (5700 10.10g) Total expense Net operating income 30,000 $123,000 60,000 12,000 3,508 3,600 2,500 3,700 05300 37,700