Cosden 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.

Fixed Element per Month Variable Element per Well Serviced
Revenue $ 4,700
Employee salaries and wages $ 41,300 $ 1,000
Servicing materials $ 600
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:

Total expense    $82,996.77

Explanation:

The total expenses will be calculated as follows:

                                                                                     $

Variable cost                                                                

Employees Salaries and Wages  (29/31× 1,000)  =    935.48

Servicing material = (29/31 × $600)                     =      561.29

Fixed cost (413,300 +40200)                                       81,500

Total expense                                                              82,996.77

2 weeks ago lol enoy your dunce cap

its kinda hard to answer this when we dont have all the information that we need.