Stegemann Corporation is a shipping container refurbishment company that measures its output by the number of containers refurbished. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes and the actual results of operations for May. Revenue Employee salaries and wages Refurbishing materials Other expenses Variable Element Fixed Element per Container per Month Refurbished $ 5,300 $ 42,900 $ 1,300 $ 500 $ 42,900 Actual Total for May $ 156, 400 $ 82,300 $ 15,100 $ 41,900 When the company prepared its planning budget at the beginning of May, it assumed that 27 containers would have been refurbished. However, 29 containers were actually refurbished during May. The revenue in the company's flexible budget for May would have been closest to: Multiple Choice $153,700 $145,614 $156,400 $143,100