Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The companys planning budget for July appears below: Flight Caf Planning Budget For the Month Ended July 31 Budgeted meals (q) 28,000 Revenue ($4.20q) $ 117,600 Expenses: Raw materials ($2.10q) 58,800 Wages and salaries ($6,400 + $0.20q) 12,000 Utilities ($1,800 + $0.05q) 3,200 Facility rent ($3,800) 3,800 Insurance ($2,500) 2,500 Miscellaneous ($800 + $0.10q) 3,600 Total expense 83,900 Net operating income $ 33,700 In July, 29,000 meals were actually served. The companys flexible budget for this level of activity appears below: Flight Caf Flexible Budget For the Month Ended July 31 Budgeted meals (q) 29,000 Revenue ($4.20q) $ 121,800 Expenses: Raw materials ($2.10q) 60,900 Wages and salaries ($6,400+ $0.20q) 12,200 Utilities ($1,800 + $0.05q) 3,250 Facility rent ($3,800) 3,800 Insurance ($2,500) 2,500 Miscellaneous ($800 + $0.10q) 3,700 Total expense 86,350 Net operating income $ 35,450 Required