Headquartered in Eastern Pennsylvania, Petroleum Service Company (PSC) was founded in 1924 and incorporated in 1930 PSC is an ad senes company PSC's accountant is reviewing the budget and notes the following fixed and variable cost estimates that uses for budgeting purposes Fixed Element per Month Variable Element per Well Serviced Revenue Employee salaries and wages Servicing materials Other expenses $4,000 $ 43,800 $1,000 $ 600 $ 38,200 A total of 42 wells were actually serviced during October The revenue in the company's flexible budget for October would have been closest to: Multiple Choice