Brong 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 March Variable Fixed Element per Actual Element Container Total fo per Month Refurbished Marc Revenue Employee salaries and wages $49,500 Refurbishing materials Other expenses $5,900 $108,300 66,000 500 9,500 39,800 900 $40,300 When the company prepared its planning budget at the beginning of March, it assumed that 22 containers would have been refurbished. However, 18 containers were actually refurbished during March. The variance for net operating income in the Revenue and Spending Variances column of a report comparing actual results to the flexible budget for March would have been closest to Multiple Choice $1,800 F $16,200 F $1,800 U $16,200 U