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 ces Budgeted meals (q) Revenue ($4.10g) Expenses: Raw materials ($2.00g). Wages and salaries ($6,500 + $0.20g) Utilities ($2,200 + $0.05q) Facility rent ($3,900) Insurance ($2,000) Miscellaneous (5600 $0.10g) Total expense Net operating income 29,000 $ 118,900 58,000 12,300 3,650 3,900 2,000 3,500 83,350 $ 35,550 In July, 30,000 meals were actually served. The company's flexible budget for this level of activity appears below: Flight Caf Plexible Budget For the Month Ended July 31 Budgeted meals (q) Revenue (54.10g) Expenses: Rav materials ($2.00g) Wages and salaries ($6,500+ $0.20g) Utilities ($2,200 +$0.05g) Facility rent ($3,900) Insurance ($2,000) Miscellaneous (5600 +$0.10g) Total expense Net operating income 30,000 $ 123,000 60,000 12,500 3,700 3,900 2,000 3,600 85,700 $ 37,300