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Gourmet Restaurants has the following flexible-budget formula: Y = $13PH + $450,000 where PH is...

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Accounting

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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