QUESTION 2 (10 Marks) Aroma Fish House is a family-owned restaurant that specializes in Scandinavian-style seafood. Data concerning the restaurant's monthly revenues and costs appear below (q refers to the number of meals served): Formula Revenue $16.50q Cost of ingredients $6.25q Wages and salaries $10,400 Utilities $800 + $0.20q Rent $2,200 Miscellaneous $600 + $0.80q Required: a. Prepare the restaurant's planning budget for April assuming that 1,800 meals are served. (3 Marks) b. Assume that 1,700 meals were actually served in April. Prepare a flexible budget for this level of activity. (3 Marks) c. The actual results for April appear below. Prepare a flexible budget performance report for the restaurant for April. (4 Marks) Revenue $27,920 Cost of ingredients $11,110 Wages and salaries $10,130 Utilities $1,080 Rent $2,200 Miscellaneous $2,240