Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local...
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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) 25,000 Revenue ($4.00q) $ 100,000 Expenses: Raw materials ($2.30q) 57,500 Wages and salaries ($6,500 + $0.20q) 11,500 Utilities ($2,000 + $0.05q) 3,250 Facility rent ($3,400) 3,400 Insurance ($2,100) 2,100 Miscellaneous ($700 + $0.10q) 3,200 Total expense 80,950 Net operating in
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