Saved Help TB MC Qu. 9-297 Lochner Corporation is an oil well service company ... Save & Exit Submit 5 Lochner 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 and the actual results of operations for June. 9:35 k Revenue Employee salaries and wages Servicing materials Other expenses Fixed Variable Actual Element Element per Total for per Month Well Serviced June $ 5,600 $ 148,000 $40,600 $1,200 $ 73, 700 $ 500 $ 13,600 $ 42,800 $ 43,300 When the company prepared its planning budget at the beginning of June, it assumed that 24 wells would have been serviced. However, 26 wells were actually serviced during June. The spending variance for "Employee salaries and wages" for June would have been closest to: Multiple Choice !!! Navt