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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 )
Assume that a company provided the following cost formulas for three of its expenses where refers to the number of hours worked:
Rent fixed
Supplies variable
Utilities mixed
$
$
$$
The company's planned level of activity was hours and its actual level of activity was hours. If these are the company's only three expenses and the company uses revenue formula of $ for budgeting purposes, what net operating income would appear in the company's flexible budget?
Multiple Choice
$
$
$
$
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