IV. ACME Corp. prepared the flexible budget items based on 1700 meals for a period. Actually 1800 meals are served during the period and financial records are given below. Evaluate the company's performance and indicate where attention should be focused. Budgeted Results on 1700 meals Fixed Revenue Ingredients Wages and Salaries Utilities Rent Miscellaneous Actual Results (Real Results) Revenue Ingredients Wages and Salaries Utilities Rent $10,400 $800 $2,200 $600 Miscellaneous $28,900 $11,300 $10,300 $1,120 $2,300 $2,020 Variables $16.50 /C $6.25 /C $0.20 /C $0.80 /C