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) Revenue ($4.40g) Expenses: Raw materials ($1.80g) Wages and salaries ($6,400 + $0.20g) Utilities ($1,800 + $0.05g) Facility rent ($3,300) Insurance ($3,000) Miscellaneous ($600 + $0.10g) Total expense Net operating income 27,000 $ 118,800 48,600 11,800 3,150 3,300 3,000 3,300 73,150 $ 45,650 In July, 28,000 meals were actually 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 (q) Revenue ($4.40g) 28,000 $ 123,200 Expenses: Raw materials ($1.80g) Wages and salaries ($6,400+ $0.20g) Utilities ($1,800 + $0.05g) Facility rent ($3,300) Insurance ($3,000) Miscellaneous ($600 + $0.10g) 50,400 12,000 3,200 3,300 3,000 3,400 Prev 2 of 5 Next >