Stegemann Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for May. Fixed Element per MonthVariable Element per Container RefurbishedActual Total for MayRevenue $5,300$156,400Employee salaries and wages$42,900 $1,300$82,300Refurbishing materials $500$15,100Other expenses$42,900 $41,900?When the company prepared its planning budget at the beginning of May, it assumed that 27 containers would have been refurbished. However, 29 containers were actually refurbished during May.?The amount shown for "Other expenses" in the planning budget for May would have
been closest to:
A. $42,400
B. $42,900
C. $41,900
D. $39,010
Answer: B
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