Pickrel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Well ServicedRevenue $5,500Employee salaries and wages$53,700 $1,300Servicing materials $600Other expenses$34,400 When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.The amount shown for total expenses in the planning budget for November would have been closest to:
A. $146,200
B. $147,000
C. $127,335
D. $139,400
Answer: D
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A buyer's material breach gives the seller the right to refuse to deliver the goods
a. True b. False Indicate whether the statement is true or false
The four largest gold-producing countries in the world want to form a collective-bargaining unit to provide gold-producing nations with some control of gold prices. These nations will most likely model the unit after
A. EU. B. OPEC. C. NAFTA. D. ASEAN. E. GATT.
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