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Assume that a company provided the following excerpts of information from its flexible budget performance report: Actual Results Flexible Budget Planning Budget Flights ( q
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
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$9,925
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$9,000
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$9,075
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$9,050
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