Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. paleo bay divers is a company that provides diving

Paleo Bay Divers is a company that provides diving services such as underwater ship repairs...

50.1K

Verified Solution

Question

Accounting

Paleo Bay Divers is a company that provides diving services such as underwater ship repairs to clients in the Paleo Bay area.
The company's planning budget for July appears below:
Paleo Bay Divers
Planning Budget
For the Month Ended July 31
Budgeted diving-hours (q)200
Revenue (380.00q)76,000
Expenses:
Wages and salaries (16,000+140.00q)44,000
Supplies (2.75q)550
Equipment rental (2,000+35.00q)9,000
Insurance (6,500)6,500
Miscellaneous (1,100+1.90q)1,480
Total expenses 61,530
Net operating income 14,470
During July, the company's actual activity was 175 diving-hours.
-------------------------------------------
Prepare a flexible budget.
According to the flexible budget, what are the company's total variable expenses for the month of July?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students