During May, Cockrel Corporation plans to serve 34,000 customers. The company uses the following revenue and cost formulas in its budgeting, where q is the number of customers served:
Revenue: $2.90q
Wages and salaries: $25,400 + $0.90q
Supplies: $0.40q
Insurance: $7,000
Miscellaneous expense: $4,900 + $0.30q
Required:
Prepare the company's planning budget for May.
Correct Answer:
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