16) Bonavita Corporation is a service company that measures its output by the number of customer company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per Month Variable Element per Customer Served Revenue Employee salaries and wages Travel expenses Other expenses $ 4,200 $1,200 $ 500 $ 41,300 33,000 When the company prepared its planning budget at the beginning of July, it assumed that 33 customers would have been served. The amount shown for net operating income in the planning budget for July would have been closest to: A) (S1,414) B) ($1,200) C)$8,200 D) ($4,300) 17) Faulks 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 Fixed Element per Month Variable Element per Container Refurbished Revenue Employee salaries and wages Refurbishing materials Other expenses 5,400 1,200 S 700 $ 46,300 $ 32,400 When the company prepared its planning budget at the beginning of August, it assumed that 23 containers would have been refurbished. However, 26 containers were actually refurbished during Augus The amount shown for total expenses in the planning budget for August would have been closest to A) $126,500 B) $128,100 c)$122,400 D)$111,904