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Prowse Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed

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Prowse Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Revenue Employee salaries and wages Servicing materials Other expenses Fixed Variable Element Element per per Month Well Serviced $4,000 $43,800 $1,000 $ 600 $38,200 A total of 42 wells were actually serviced during October. The total expenses in the flexible budget for October would have been closest to Multiple Choice 0 $147,600

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