Assume that a company provided the following excerpts of information from its flexible budget performance report:

Actual Results

Flexible Budget

Planning Budget

Flights (q1)

8

?

9

Students (q2)

260

?

270

Expenses:

Administrative expense ($125 + $250q1 + $30q2)

$

8,900

?

$

?

What is the total administrative expense in the flexible budget?

Multiple Choice

• $9,925

• $9,000

• $9,075

• $9,050