Headquartered in Eastern Pennsylvania, Petroleum Service Company (PSC) was founded in 1924 and incorporated in 1930. PSC is an oilfield services company. PSC's accountant is reviewing the budget and notes the following fixed and variable cost estimates that it uses for budgeting purposes.

Fixed Element per Month

Variable Element per Month per Well Serviced Revenue $4,000

Employee salaries and wages $ 43,800 $ 1,000

Servicing materials $600

Other expenses $ 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:

A)$150,114

B)$168,000

C)$148,000

D)$170,400