During April, Cheatam Corporation budgeted for 39,000 customers, but actually served 37,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:

Revenue: $4.52q

Wages and salaries: $36,400 + $1.85q

Supplies: $0.75q

Insurance: $13,400

Miscellaneous expense: $6,400 + $0.25q

Required:

Prepare the company's flexible budget for April based on the actual level of activity for the month.

CHEATAM CORPORATION Flexible Budget For the Month Ended April 30 Actual customers served Revenue Expenses Wages and salaries Supplies Insurance Miscellaneous expense Total expense S Net operating income 0