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Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local...

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Accounting

Flight Caf prepares in-flight meals for airlines in its kitchen located next to a local airport. The company's planning budget for July appears below: Budgeted meals (g) Revenue ($4.20g) Expenses: Raw materials ($2.20g) Wages and salaries ($6,100 + $0.20g) Utilities ($2,200+ $0.05g) Flight Caf Planning Budget For the Nonth Ended July 31 Facility rent ($3,600) Insurance ($2,200) Miscellaneous ($900 + $0.10g) Total expense Net operating income Budgeted meals (g) Revenue ($4.20g) In July, 23,000 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 Expenses: Raw materials ($2.20g) Wages and salaries ($6,100+ $0.20g) Utilities ($2,200+ $0.05g) Facility rent ($3,600) Insurance ($2,200) Miscellaneous ($900+ $0.10g) Total expense Net operating income Revenue Expenses: Miscellaneous Flight Caf Activity Variances For the Month Ended July 31 Raw materials Wages and salaries Utilities Facility rent Insurance 22,0

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