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Please verify the answer, not sure if it is correct Question 7 8.34 pts Daniel Plainview has an oil well service company that measures it's

Please verify the answer, not sure if it is correct

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Question 7 8.34 pts Daniel Plainview has an oil well service company that measures it's output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Cost per Variable Element Month per Well Serviced Revenue $5,000 Employee salaries and $44,000 $1,500 wages Materials and $1.000 supplies Other expenses $35,000 A total of 35 wells were actually serviced during the month The total expenses in the flexible budget for the month would be 166500

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