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 (9) Revenue ($4.000) Expenses: Raw materials ($2.20g) Wages and salaries ($6,400 +50.20q) Utilities ($2,100 + $0.059) Facility rent ($3,100) Insurance ($2,400) Miscellaneous ($900 +$0.109) Total expense Net operating income 21,000 $ 84,000 46,200 10,600 3,150 3,100 2,400 3,000 68,450 $ 15,550