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 (q) Revenue ($4.100) Expenses: Raw naterials ($2.300)) Wages and salaries ($6,200 +$0.200) Utilities ($2,000 - 50.059) Facility rent (53,500) Insurance ($2,200) Miscellaneous (5900 $0.10g) Total expense Net operating income 24,000 $ 98,400 55,200 11,000 3,200 3,500 2,200 3,300 70,400 $20,000 In July, 25,000 meals were actually served. The company's flexible budget for this level of activity appears below Fight Cafe Flexible Budget Budgeted meals (0) Revenue ($4.100) Expenses For the Month. Ended July 31 Raw materials (52.300) Wages and salaries ($6,200+ 50.200) Utilities ($2,000 +$0.050) Facility rent ($3,500) Insurance ($2,200) Miscellaneous (5900 50.10g) Total expense Net operating Income 25,000 $ 102,500 57,500 11,200 3,250 3,500 2,200 3,400 01,050 $21,450