Questions 15 through 18 are based on the following informati…
Questions 15 through 18 are based on the following information: JAX Fish Factory is a restaurant that serves mediocre seafood. The following table provides data concerning the company’s costs (q refers to the number of meals served): Formula Cost of ingredients $7.50q Wages and salaries $10,000 Utilities $800 + $0.20q Rent $3,000 Miscellaneous $900 + $0.80q Assume that 2,000 meals were served last month. What amount would the flexible budget report for utilities?