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5. Energy Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following

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5. Energy 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. When the company prepared its planning budget at the beginning of December, it assumed that 34 wells would have been serviced. However, 30 wells were actually serviced during December. The "Employee salaries and wages" in the flexible budget for December would have been closest to: a. $98,000 b. 63,000 c. 50,000 d. 42,000 e. None of the above. The answer is 6. Welcome Family Inn is a bed and breakfast establishment in a converted 100-year-old mansion. The Inn's guests appreciate its gourmet breakfasts and individually decorated rooms. The Inn's overhead budget for the most recent month appears below: The Inn's variable overhead costs are driven by the number of guests. What would be the total budgeted overhead cost for a month if the activity level is 99 guests? a. $7,793,90 b. $61,541,00 c. $8,512.90 d. $7,739.00 e. None of the above. The answer is

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