Flight Caf is a company that prepares in-flight meals for airlines in its kitchen located...
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Flight Caf is a company that prepares in-flight meals for airlines in its kitchen located next to the local airport. The company's planning budget for July appears below Flight Cafe Planning Budget For the Month Ended July 31 Budgeted meals (q) Revenue ($4.50q) Expenses 29,000 $130,500 Raw materials ($1.90q) Wages and salaries ($6,1000.20q) Utilities ($2,000 +$O.05q) Facility rent ($3,900) Insurance ($2,100) Miscellaneous ($900+ $0.10q) 55,100 11,900 3,450 3,900 2,100 3,800 Total expense Net operating income 50,250 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 ($4.50q) 30,000 $135,000 Raw materials ($1.90q) Wages and salaries ($6,100$0.20q) Utilities ($2,000$0.05q) Facility rent ($3,900) Insurance ($2,100) Miscellaneous ($900 +$0.10q) 57,000 12,100 3,500 3,900 2,100 3,900 82,500 52,500 Total expense Net operating income
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