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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:

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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) 25,000 $ Revenue ($4.009) 100,000 Expenses: Raw materials ($2.10q) 52,500 Wages and salaries ($6,400 + $0.209) 11,400 Utilities ($2,100 + $0.059) 3,350 Facility rent ($3,500) 3,500 Insurance ($2,300) 2,300 Miscellaneous ($700 + $0.109) 3,200 76,250 $ 23,750 Total expense Net operating income In July, 26,000 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 ($4.009) Expenses: Raw materials ($2.10q) 26,000 $ 104,000 54,600

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