Flight Cate Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($3.90q) 29,000 s 113,100 Raw materials ($1.80q) Wages and salaries ($6,300 S0.20q) Utilities ($2,0000.05q) Facility rent (S3,700) Insurance ($2,800) Miscellaneous ($400 S0.10q) 52,200 12,100 3,450 3,700 2,800 3,300 Total expense 77,550 Net operating income $ 35,550 In July, 30,000 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 ($3.90q) 30,000 117,000 Raw materials ($1.80q) Wages and salaries ($6,300 S0.20q) Utilities ($2,0000.05q) Facility rent (S3,700) Insurance ($2,800) Miscellaneous ($400 S0.10q) 54,000 12,300 3,500 3,700 2,800 3,400 Total expense 79,700 Net operating income $37,300