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Gourmet Restaurants has the following flexible-budget formula: Y = $13PH + $450,000 where PH is defined as process hours. What is Gourmet's budgeted total cost
Gourmet Restaurants has the following flexible-budget formula: Y = $13PH + $450,000 where PH is defined as process hours. What is Gourmet's budgeted total cost if its process hours equal 25,000?
$325,000.
$450,000.
$775,000.
$1,225,000.
Answer cannot be determined from the information provided.
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