Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning appears below light Caf Planning Budget For the Month Ended Jul Budgeted meals (g) 30,000 Revenue ($4.40g) Expenses: 132,000 Raw materials (51.98q) Wages and salaries ($6,400 $e.20q) Utilities ($1,900 + $e.85q) Facility rent ($3,800) Insurance ($2,200) Miscellaneous ($980+ se.10q) 57,000 12,400 3,400 3,880 2,200 3,909 Total expense Net operating income 49,30e In July, 31,000 actually meals were served. The company's flexible budget for this level of activity appears below