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Assume that a company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked): Rent (fixed)

Assume that a company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked):

Rent (fixed) $ 3,000
Supplies (variable) $ 4.00q
Utilities (mixed) $150 + $0.75q

The companys planned level of activity was 2,000 hours and its actual level of activity was 1,900 hours. If these are the companys only three expenses and the company uses revenue formula of $8.15q for budgeting purposes, what net operating income would appear in the companys flexible budget?

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