The total expenses in the flexible budget for May would have been closest to:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Well Serviced
Revenue
Employee salaries and wages
41,300
000'T
Servicing materials
009
Other expenses
40,200
When the company prepared its planning budget at the beginning of May, it assumed
that 29 wells would have been serviced. However, 31 wells were actually serviced
during May.
The total expenses in the flexible budget for May would have been closest to:
O $133,100
O $124,513
O $131,100
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Transcribed Image Text:Well Serviced Revenue Employee salaries and wages 41,300 000'T Servicing materials 009 Other expenses 40,200 When the company prepared its planning budget at the beginning of May, it assumed that 29 wells would have been serviced. However, 31 wells were actually serviced during May. The total expenses in the flexible budget for May would have been closest to: O $133,100 O $124,513 O $131,100 MacBook Air राख OL 08 delete %24 %24 %24 %24 %24
Cosden Corpor 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
Variable
Fixed Element
Element per
per Month
Well Serviced
Revenue
Employee salaries and wages
41,300
000'
Servicing materials
009
Other expenses
40,200
When the company prepared its planning budget at the beginning of May, it assumed
that 29 wells would have been serviced. However, 31 wells were actually serviced
during May.
The total expenses in the flexible budget for May would have been closest to:
O $133,100
$133,100
$124,513
%24
%24
%24
%24
%24
Transcribed Image Text:Cosden Corpor 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 Variable Fixed Element Element per per Month Well Serviced Revenue Employee salaries and wages 41,300 000' Servicing materials 009 Other expenses 40,200 When the company prepared its planning budget at the beginning of May, it assumed that 29 wells would have been serviced. However, 31 wells were actually serviced during May. The total expenses in the flexible budget for May would have been closest to: O $133,100 $133,100 $124,513 %24 %24 %24 %24 %24
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