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Pickel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following foed
Pickel Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following foed and variable cost estimates that it uses for budgeting purposes Variable Fixed Element per Element Well per Month Serviced Revenue $5,500 Employee salaries and wages $53,700 $1,300 Servicing materials $ 600 other expenses $34,400 When the company prepared its planning budget at the beginning of November, It assumed that 27 wells would have been serviced. However, 31 wens were actuolly serviced during November The amount shown for "Employee salaries and wages in the planning budget for November would have been closest to Mide Chalce 58.000 593400
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