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Feist Enterprises is preparing its budget for utilities. Let V represent the hours of operation an let U represent the total units produced. The cost

Feist Enterprises is preparing its budget for utilities. Let V represent the hours of operation an let U represent the total units produced. The cost formula for utilities is $500 + $0.25V + $1.25U. If the actual number of working hours was 220 and they produced 1,400 units, what is the amount of the flexible budget for utilities? Provide the answer and show your work, providing an explanation.

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