GHI Company has the following planning budget for the month of September:

Budgeted units of output $($q$)=100$

Revenue $($$$400$q$)40,000$

Expenses:

Wages and Salaries $($$$8,000+$ $$125$q$)20,500$

Supplies $($$$3$q$)300$

Equipment rental $($$$1,800+$ $$32$q$)5,000$

Insurance $($$$3,400)3,400$

Total Expenses $29,200$

Net income $$10,800$

Required:

Prepare a flexible budget for September, assuming the actual units of output were $120.$