Pickrel 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.
When the company prepared its planning budget at the beginning of November, it assumed that 27 wells would have been serviced. However, 31 wells were actually serviced during November.
-The amount shown for net operating income in the planning budget for November would have been closest to:
Definitions:
Criminal Act
An action that constitutes an offense and is punishable by law.
Misdemeanor
A criminal offense that is less serious than a felony and is usually punishable by fines, penalties, or a jail term of less than one year.
Public Intoxication
A legal charge applied to individuals found in public places while under the influence of alcohol or drugs to a degree that may endanger themselves or others.
Convicted
Found guilty of a crime through a legal process, such as a trial.
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