Help Save & t Paimerton Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fxed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for December Element per Honth ctual Fixed Elesent per Total f We11 Dec 3,500 $159,800 $41,5001,00 87,900 teployee salaries and wages Servicing materials Other expenses 600 $ 27,400 $30,000 When the company prepared ts planning budget at te begering of Kenter, t assumed that 40 well would have been ser ced eve, 45 et ee achaly erted dung Decente The varnance for net operaing income in the Revenue and Spending Varlances column of a report comparing actual results to the flexible budget for December would have been closest to Mutiple Choice $10,500F $10,500 U $1000 F 1000 U e