Pargo Corporation bases its budgets on the activity measure customers served.During May, the company planned to serve 29,000 customers, but actually served 30,000 customers.The company has provided the following data concerning the formulas it uses in its budgeting: 
Required:
Prepare the company's flexible budget for May based on the actual level of activity for the month.
Definitions:
Trade-offs
The concept that in order to gain something, something else must be given up, reflecting the opportunity cost of choices and decisions.
Economic Growth
An increase in the amount of goods and services produced per head of the population over a period, reflecting improvements in the standard of living.
Scientific Method
A systematic process of observation, experimentation, and analysis used to advance knowledge in the sciences.
Economists
Professionals who study, develop, and apply theories and concepts from economics to analyze how societies use resources to produce and distribute goods and services.
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