GHI Company has the following planning budget for the month of September: Budgeted units of output (q) = 100 Revenue ($400q) 40,000 Expenses: Wages and Salaries ($8,000 +$125q) 20, 500 Supplies ($3q ) 300 Equipment rental ($1,800+ $32q) 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.

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