Pickrel C orporation is an oil well service company that measures its output by the...
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Accounting
Pickrel C orporation 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 Variable Fixed Element per Element per Month Serviced Revenue Employee salaries and wages Servicing materials other expenses $5,500 $1,300 $53,700 600 $34,400 When the company prepared its planning budget at the beginning of November,it assumed that 27 wells would have been serviced. However, 31 well were actually serviced during November The amount shown for "Employee salaries and wages" in the planning budget for November would have been closest to
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