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) 25,000 Revenue ($4.30g) $107,500 Expenses: Raw materials ($2.20g) 55,000 Wages and salaries ($6,100 + $0.20g) 11,100 Utilities ($1,800 + $0.05g) 3,050 Facility rent ($3,500) 3,500 Insurance ($2,100) Miscellaneous ($400 + $0.10g) Total expense Net operating income 2,100 2,900 77,650 $ 29,850